Keefe, Bruyette & Woods Maintains Outperform on Metropolitan Bank Holding, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains an Outperform rating on Metropolitan Bank Holding (MCB) but lowers the price target from $66 to $55.

March 11, 2024 | 10:59 am
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Metropolitan Bank Holding but lowers the price target from $66 to $55.
While the maintenance of an Outperform rating suggests continued confidence in Metropolitan Bank Holding's performance, the reduction in price target could indicate a reassessment of the bank's short-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors weigh the positive rating against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100