Bank of Hawaii shares are trading lower after Piper Sandler downgraded the stock from Neutral to Underweight and lowered its price target from $70 to $61.
Portfolio Pulse from Benzinga Newsdesk
Bank of Hawaii shares are trading lower after Piper Sandler downgraded the stock from Neutral to Underweight and lowered its price target from $70 to $61.
August 12, 2024 | 12:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler downgraded Bank of Hawaii from Neutral to Underweight and reduced its price target from $70 to $61, causing the stock to trade lower.
The downgrade from a reputable analyst firm like Piper Sandler and the significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in Bank of Hawaii's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100