Keefe, Bruyette & Woods Reiterates Outperform on Metropolitan Bank Holding, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell reiterated an Outperform rating on Metropolitan Bank Holding (NYSE:MCB) and lowered the price target from $66 to $55.

March 11, 2024 | 12:52 pm
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Keefe, Bruyette & Woods reiterated an Outperform rating on Metropolitan Bank Holding and lowered the price target from $66 to $55.
The reiteration of the Outperform rating suggests a positive outlook on MCB by Keefe, Bruyette & Woods, indicating confidence in the company's fundamentals. However, the reduction in the price target from $66 to $55 could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations. This mixed signal could lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100