Janney Montgomery Scott Downgrades Shore Bancshares to Neutral
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott has downgraded Shore Bancshares (NASDAQ:SHBI) from Buy to Neutral, as per analyst John Rodis.
July 30, 2024 | 11:05 am
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NEGATIVE IMPACT
Janney Montgomery Scott has downgraded Shore Bancshares from Buy to Neutral, which may lead to a short-term negative impact on the stock price.
The downgrade from Buy to Neutral by a reputable analyst firm like Janney Montgomery Scott is likely to cause a short-term decline in SHBI's stock price as investors may adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100