Stephens & Co. Maintains Equal-Weight on Midland States Bancorp, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy maintains an Equal-Weight rating on Midland States Bancorp (MSBI) and lowers the price target from $29 to $27.

April 30, 2024 | 3:48 pm
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NEGATIVE IMPACT
Stephens & Co. maintains an Equal-Weight rating on MSBI but lowers the price target from $29 to $27.
The reduction in price target by Stephens & Co. suggests a tempered outlook for MSBI, potentially leading to a negative short-term impact on its stock price. The maintenance of an Equal-Weight rating indicates a neutral long-term view, but the lowered price target could influence investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100