Piper Sandler Maintains Overweight on Banner, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Andrew Liesch maintains an Overweight rating on Banner Corporation (NASDAQ:BANR) but lowers the price target from $54 to $51.
April 19, 2024 | 5:55 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Banner Corporation but lowers the price target from $54 to $51.
The adjustment in price target by Piper Sandler reflects a nuanced view on Banner Corporation's valuation, suggesting a slightly less optimistic outlook than before. However, maintaining the Overweight rating indicates a continued positive view on the stock's potential. This mixed signal could lead to neutral short-term price movement as investors digest both the maintained positive rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100