Truist Securities Downgrades Prosperity Bancshares to Hold, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Prosperity Bancshares from Buy to Hold and reduced its price target from $81 to $79.
September 20, 2024 | 2:40 pm
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Truist Securities downgraded Prosperity Bancshares from Buy to Hold, reducing the price target from $81 to $79, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the stock, which could lead to a negative short-term impact on the stock price. The lowered price target further supports this less optimistic view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100