Stephens & Co. Maintains Equal-Weight on Bank of Marin, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Andrew Terrell maintains an Equal-Weight rating on Bank of Marin (BMRC) and lowers the price target from $19 to $16.
April 30, 2024 | 3:53 pm
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Stephens & Co. maintains an Equal-Weight rating on Bank of Marin and lowers the price target from $19 to $16.
The reduction in price target by Stephens & Co. suggests a bearish outlook on the stock, potentially leading to a negative short-term impact on BMRC's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered target suggests expectations of limited upside potential or possible downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100