Hovde Group Downgrades CVB Financial to Market Perform, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Hovde Group analyst Erik Zwick downgraded CVB Financial (NASDAQ:CVBF) from Outperform to Market Perform and set a price target of $18.

April 22, 2024 | 11:05 am
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CVB Financial was downgraded by Hovde Group from Outperform to Market Perform with a new price target of $18.
The downgrade from Outperform to Market Perform by a notable analyst could lead to a negative perception among investors, potentially causing a short-term decline in CVBF's stock price. The setting of a price target provides a specific expectation for the stock's future performance, which, depending on the current price, could influence investor sentiment and stock price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100