Raymond James Downgrades Old Second Bancorp to Outperform, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has downgraded Old Second Bancorp (NASDAQ:OSBC) from Strong Buy to Outperform and reduced the price target from $19 to $18.
September 17, 2024 | 3:34 pm
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Raymond James has downgraded Old Second Bancorp from Strong Buy to Outperform, with a reduced price target of $18, indicating a less bullish outlook.
The downgrade from Strong Buy to Outperform suggests a less optimistic view on OSBC's stock performance. The lowered price target from $19 to $18 further indicates a reduced growth expectation, likely leading to a short-term negative impact on the stock price.
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