Keefe, Bruyette & Woods Maintains Outperform on Peapack Gladstone Finl, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains an Outperform rating on Peapack Gladstone Finl (NASDAQ:PGC) but lowers the price target from $30.5 to $29.

May 02, 2024 | 1:57 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Peapack Gladstone Finl but lowers the price target from $30.5 to $29.
The adjustment in price target by Keefe, Bruyette & Woods reflects a slight modification in their valuation assessment of Peapack Gladstone Finl. While the reduction in price target could imply a tempered outlook, the maintenance of an Outperform rating indicates continued confidence in the company's performance potential. This mixed signal might lead to a neutral short-term impact on the stock as investors digest the implications of a lower price target against a backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100