Keefe, Bruyette & Woods Reiterates Market Perform on Peoples Bancorp, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Timothy Switzer reiterated a Market Perform rating on Peoples Bancorp (NASDAQ:PEBO) and lowered the price target from $36 to $33.
April 24, 2024 | 2:52 pm
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Peoples Bancorp's price target was lowered from $36 to $33 by Keefe, Bruyette & Woods, while maintaining a Market Perform rating.
A reduction in the price target by an analyst, especially from a reputable firm like Keefe, Bruyette & Woods, can lead to a negative perception among investors, potentially causing a short-term decrease in the stock price. The maintenance of a Market Perform rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowered target suggests a recalibration of expected performance, which could impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100