Keefe, Bruyette & Woods Reiterates Market Perform on Northwest Bancshares, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Timothy Switzer reiterated a Market Perform rating on Northwest Bancshares (NWBI) and lowered the price target from $13 to $12.
April 23, 2024 | 1:11 pm
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NEGATIVE IMPACT
Northwest Bancshares' price target was lowered from $13 to $12 by Keefe, Bruyette & Woods, while maintaining a Market Perform rating.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in NWBI's stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the immediate impact of the price target cut is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100