Keefe, Bruyette & Woods Maintains Outperform on Bank of Marin, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Wood Lay maintains an Outperform rating on Bank of Marin (NASDAQ:BMRC) but lowers the price target from $25 to $21.

May 03, 2024 | 12:38 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Bank of Marin but lowers the price target from $25 to $21.
The adjustment in price target by Keefe, Bruyette & Woods reflects a revised valuation outlook while maintaining a positive stance on Bank of Marin's performance. This suggests a belief in the company's fundamentals but acknowledges external or internal factors that may have led to a more conservative price target. The Outperform rating indicates continued confidence in the company's potential to outperform the market or its sector, despite the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100