Keefe, Bruyette & Woods Maintains Outperform on Peapack Gladstone Finl, Lowers Price Target to $30.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains an Outperform rating on Peapack Gladstone Finl (NASDAQ:PGC) but lowers the price target from $33.5 to $30.5.

April 05, 2024 | 4:04 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Peapack Gladstone Finl but lowers the price target from $33.5 to $30.5.
While the reduction in price target could suggest a tempered outlook on the stock's potential upside, the maintenance of an Outperform rating indicates a continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's overall positive stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100