Keefe, Bruyette & Woods Maintains Market Perform on Territorial Bancorp, Lowers Price Target to $9.66
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta maintains a Market Perform rating on Territorial Bancorp (NASDAQ:TBNK) and lowers the price target from $10 to $9.66.
May 14, 2024 | 4:45 pm
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NEGATIVE IMPACT
Territorial Bancorp's price target was lowered from $10 to $9.66 by Keefe, Bruyette & Woods, while maintaining a Market Perform rating.
A reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods can lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. The maintenance of a Market Perform rating indicates a neutral outlook on the stock's future performance, but the lowered price target suggests a slight bearish adjustment to the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100