RBC Capital Maintains Outperform on Provident Finl Servs, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained an Outperform rating on Provident Financial Services (NYSE:PFS) but lowered the price target from $19 to $18.

April 09, 2024 | 3:18 pm
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RBC Capital has maintained an Outperform rating on Provident Financial Services but reduced the price target from $19 to $18.
The maintenance of an Outperform rating by RBC Capital suggests a positive outlook on PFS, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100