Keefe, Bruyette & Woods Maintains Market Perform on Seacoast Banking, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Wood Lay maintains a Market Perform rating on Seacoast Banking (NASDAQ:SBCF) and lowers the price target from $28 to $26.
May 02, 2024 | 2:00 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains a Market Perform rating on Seacoast Banking and lowers the price target from $28 to $26.
The reduction in price target by Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Seacoast Banking. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the lowered price target suggests a revision of the expected stock performance, which could impact investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100