Wells Fargo Maintains Equal-Weight on Banc of California, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Equal-Weight rating on Banc of California (NYSE:BANC) and increased the price target from $14 to $16.
April 10, 2024 | 3:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Banc of California and raised the price target from $14 to $16.
The increase in the price target by Wells Fargo reflects a positive outlook on Banc of California, suggesting potential upside for the stock. Given the direct impact of analyst ratings and price targets on investor sentiment, this adjustment is likely to be viewed positively by the market, potentially leading to a short-term increase in BANC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100