Piper Sandler Downgrades Financial Institutions to Neutral, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Twerdahl downgraded Financial Institutions (FISI) from Overweight to Neutral and reduced the price target from $23 to $19.

March 25, 2024 | 8:58 am
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Piper Sandler downgraded Financial Institutions from Overweight to Neutral and lowered the price target from $23 to $19.
The downgrade from Overweight to Neutral by a reputable analyst like Alexander Twerdahl suggests a less optimistic outlook on FISI's stock performance. Additionally, the reduction in the price target from $23 to $19 indicates a lowered expectation of the stock's future value, which could lead to a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100