Piper Sandler Maintains Overweight on Heritage Commerce, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Andrew Liesch maintains an Overweight rating on Heritage Commerce (HTBK) but lowers the price target from $11 to $10.

April 26, 2024 | 2:24 pm
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Piper Sandler maintains an Overweight rating on Heritage Commerce but lowers the price target from $11 to $10.
The adjustment in price target by Piper Sandler reflects a recalibration of expectations for Heritage Commerce's stock, potentially due to revised earnings forecasts or market conditions. While the Overweight rating indicates continued confidence in the company's prospects, the lowered price target suggests a tempered outlook on its valuation. This could lead to short-term price adjustments as the market digests the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100