Barclays Initiates Coverage On Prosperity Bancshares with Equal-Weight Rating, Announces Price Target of $68
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on Prosperity Bancshares (NYSE:PB) with an Equal-Weight rating and a price target of $68.
March 08, 2024 | 10:17 am
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Barclays initiated coverage on Prosperity Bancshares with an Equal-Weight rating and set a price target of $68.
The initiation of coverage by Barclays with an Equal-Weight rating suggests a neutral outlook on Prosperity Bancshares. The price target of $68 provides a specific goal for investors but does not strongly suggest a significant short-term price movement. The rating indicates that Barclays views PB as adequately valued at its current price, implying limited upside or downside potential in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90