Keefe, Bruyette & Woods Maintains Market Perform on Portman Ridge Finance, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Lynch has maintained a 'Market Perform' rating on Portman Ridge Finance (PTMN) and lowered the price target from $20.5 to $20.

March 18, 2024 | 3:18 pm
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Portman Ridge Finance's price target was lowered from $20.5 to $20 by Keefe, Bruyette & Woods, while maintaining a 'Market Perform' rating.
The lowering of the price target by an analyst can often lead to a negative perception among investors, potentially causing a short-term decrease in the stock price. The maintenance of a 'Market Perform' rating suggests that the analyst does not see significant upside or downside from the current price level, but the reduction in the price target could still influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100