Stephens & Co. Maintains Equal-Weight on United Bankshares, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Brody Preston has maintained an Equal-Weight rating on United Bankshares (NASDAQ:UBSI) but lowered the price target from $36 to $34.
April 26, 2024 | 12:30 pm
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Stephens & Co. maintained an Equal-Weight rating on United Bankshares but reduced the price target from $36 to $34.
The reduction in the price target by Stephens & Co. suggests a more conservative outlook on United Bankshares' future stock performance, potentially due to underlying challenges or market conditions. This adjustment is likely to influence investor sentiment negatively in the short term, leading to a possible decrease in stock price.
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