Janney Montgomery Scott Downgrades Berkshire Hills Bancorp to Neutral, Announces $28 Price Target
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Janney Montgomery Scott has downgraded Berkshire Hills Bancorp (NYSE:BHLB) from Buy to Neutral, with a new price target of $28.
July 22, 2024 | 8:43 pm
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Janney Montgomery Scott has downgraded Berkshire Hills Bancorp from Buy to Neutral, with a new price target of $28. This downgrade may lead to a short-term negative impact on the stock price as investor sentiment adjusts.
The downgrade from Buy to Neutral by a reputable analyst firm like Janney Montgomery Scott is likely to cause a short-term negative impact on Berkshire Hills Bancorp's stock price. The new price target of $28 suggests limited upside potential, which may lead investors to reassess their positions.
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