Keefe, Bruyette & Woods Reiterates Market Perform on Middlefield Banc, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Timothy Switzer reiterated a Market Perform rating on Middlefield Banc (NASDAQ:MBCN) and lowered the price target from $30 to $25.
May 02, 2024 | 1:55 pm
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Keefe, Bruyette & Woods lowered the price target for Middlefield Banc from $30 to $25 while maintaining a Market Perform rating.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Middlefield Banc.
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