Piper Sandler Downgrades SmartFinancial to Neutral, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten has downgraded SmartFinancial (NYSE:SMBK) from Overweight to Neutral while raising the price target from $26 to $28.
July 24, 2024 | 2:45 pm
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NEUTRAL IMPACT
Piper Sandler has downgraded SmartFinancial from Overweight to Neutral, but raised the price target from $26 to $28.
The downgrade from Overweight to Neutral suggests a less bullish outlook on SmartFinancial, which could temper investor enthusiasm. However, the raised price target to $28 indicates some positive expectations for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100