Keefe, Bruyette & Woods Downgrades First Mid Bancshares to Market Perform, Maintains $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has downgraded First Mid Bancshares from Outperform to Market Perform, while maintaining a $42 price target.
October 02, 2024 | 11:56 am
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NEUTRAL IMPACT
Keefe, Bruyette & Woods downgraded First Mid Bancshares from Outperform to Market Perform, maintaining a $42 price target. This suggests a neutral outlook on the stock's performance.
The downgrade from Outperform to Market Perform indicates a shift to a more neutral stance on the stock, suggesting that the analyst does not expect significant outperformance in the near term. However, the maintained price target of $42 suggests that the stock is expected to hold its value, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100