Stephens & Co. Maintains Overweight on CrossFirst Bankshares, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on CrossFirst Bankshares (NASDAQ:CFB) but lowers the price target from $18 to $17.
April 17, 2024 | 11:07 am
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Stephens & Co. maintains an Overweight rating on CrossFirst Bankshares but reduces the price target from $18 to $17.
The adjustment in price target by Stephens & Co. reflects a slight moderation in their valuation assessment of CrossFirst Bankshares, likely due to updated financial analysis or market conditions. However, maintaining an Overweight rating indicates a continued positive outlook on the stock, suggesting that the fundamentals of the company remain strong. The impact on the stock price may be neutral to slightly negative in the short term as the market absorbs the lower price target, but the continued positive rating suggests underlying confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100