DA Davidson Maintains Neutral on Bank of Marin, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Jeff Rulis maintains a Neutral rating on Bank of Marin (NASDAQ:BMRC) and lowers the price target from $17 to $15.
April 30, 2024 | 5:06 pm
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DA Davidson analyst Jeff Rulis maintains a Neutral rating on Bank of Marin and lowers the price target from $17 to $15.
The reduction in price target by DA Davidson reflects a bearish outlook on the stock, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to a negative perception among investors, potentially causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100