Raymond James Downgrades Prosperity Bancshares to Outperform, Maintains Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Raymond James has downgraded Prosperity Bancshares from Strong Buy to Outperform, while maintaining the price target at $80.
September 17, 2024 | 3:35 pm
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Raymond James downgraded Prosperity Bancshares from Strong Buy to Outperform, maintaining the price target at $80. This suggests a less bullish outlook on the stock.
The downgrade from Strong Buy to Outperform indicates a reduced level of confidence in the stock's potential upside, which could lead to a short-term negative impact on the stock price. However, the maintained price target suggests that the analyst still sees value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100