Stephens & Co. Maintains Equal-Weight on Banc of California, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Andrew Terrell maintains an Equal-Weight rating on Banc of California (NYSE:BANC) and lowers the price target from $16 to $15.
May 14, 2024 | 5:09 pm
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NEGATIVE IMPACT
Stephens & Co. maintains an Equal-Weight rating on Banc of California but lowers the price target from $16 to $15.
The reduction in price target by Stephens & Co. could lead to a negative perception among investors, potentially causing a short-term decrease in BANC's stock price. The maintenance of an Equal-Weight rating indicates a neutral long-term outlook, but the immediate impact of the price target adjustment is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100