Piper Sandler Maintains Overweight on Pacific Premier Bancorp, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matthew Clark maintains an Overweight rating on Pacific Premier Bancorp (PPBI) but lowers the price target from $31 to $26.
April 29, 2024 | 1:11 pm
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NEGATIVE IMPACT
Piper Sandler maintains an Overweight rating on Pacific Premier Bancorp but reduces the price target from $31 to $26.
The reduction in the price target by Piper Sandler suggests a downward revision in the expected performance or valuation of Pacific Premier Bancorp. This could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100