RBC Capital Reiterates Sector Perform on Prosperity Bancshares, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has reiterated a 'Sector Perform' rating on Prosperity Bancshares (NYSE:PB) and maintained a price target of $70.

April 09, 2024 | 3:17 pm
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NEUTRAL IMPACT
RBC Capital maintains a 'Sector Perform' rating on Prosperity Bancshares with a $70 price target.
The reiteration of the 'Sector Perform' rating and maintenance of the $70 price target by RBC Capital suggests a neutral outlook on Prosperity Bancshares. This indicates that the analyst believes the stock is fairly valued at its current level, neither undervalued nor overvalued. Therefore, the short-term impact on the stock price is likely to be neutral, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100