Raymond James Upgrades Banc of California to Outperform, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has upgraded Banc of California (NYSE:BANC) from Market Perform to Outperform, setting a price target of $16.
September 17, 2024 | 3:59 pm
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Raymond James has upgraded Banc of California to Outperform with a $16 price target, indicating a positive outlook for the stock.
The upgrade from Market Perform to Outperform by a reputable analyst at Raymond James suggests increased confidence in Banc of California's future performance. The $16 price target indicates potential upside, likely leading to positive investor sentiment and a short-term price increase.
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