DA Davidson Upgrades Provident Finl Servs to Buy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Manuel Navas upgrades Provident Finl Servs (NYSE:PFS) from Neutral to Buy and raises the price target from $15 to $20.
April 22, 2024 | 11:57 am
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Provident Financial Services was upgraded from Neutral to Buy by DA Davidson analyst Manuel Navas, with a price target increase from $15 to $20.
Upgrades by analysts, especially with a significant increase in price target, can lead to positive investor sentiment and a potential increase in stock price in the short term. The upgrade from Neutral to Buy suggests a strong confidence in the company's future performance, making it likely that the stock price will react positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100