Wedbush Downgrades Customers Bancorp to Neutral, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has downgraded Customers Bancorp (NYSE:CUBI) from Outperform to Neutral and reduced the price target from $79 to $53.
September 24, 2024 | 11:28 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wedbush has downgraded Customers Bancorp from Outperform to Neutral, and significantly lowered the price target from $79 to $53, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by a reputable analyst like Wedbush suggests a less favorable view on Customers Bancorp's future performance. The significant reduction in the price target from $79 to $53 indicates a reassessment of the company's valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100