Keefe, Bruyette & Woods Reiterates Market Perform on Premier Financial, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Timothy Switzer reiterated a Market Perform rating on Premier Financial (NASDAQ:PFC) and lowered the price target from $25 to $23.
April 25, 2024 | 1:42 pm
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NEGATIVE IMPACT
Premier Financial's price target was lowered from $25 to $23 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 PFC's stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the immediate impact of the price target adjustment is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100