Keefe, Bruyette & Woods Reiterates Market Perform on Westamerica Bancorp, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta reiterated a Market Perform rating on Westamerica Bancorp (NASDAQ:WABC) and lowered the price target from $58 to $57.

April 22, 2024 | 1:04 pm
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Keefe, Bruyette & Woods reiterated a Market Perform rating on Westamerica Bancorp and lowered the price target from $58 to $57.
The adjustment in price target by a reputable analyst firm like Keefe, Bruyette & Woods, while maintaining the same rating, suggests a minor adjustment in valuation expectations without a fundamental change in the company's outlook. This is likely to have a neutral short-term impact on the stock as the market absorbs the slight adjustment in expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100