Keefe, Bruyette & Woods Downgrades Bank of N.T Butterfield to Market Perform, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has downgraded Bank of N.T Butterfield from Outperform to Market Perform and reduced its price target from $44 to $41.
October 02, 2024 | 12:02 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods downgraded Bank of N.T Butterfield to Market Perform and reduced the price target to $41, indicating a less optimistic outlook.
The downgrade from Outperform to Market Perform suggests a less favorable view of NTB's future performance. The lowered price target from $44 to $41 indicates reduced expectations for the stock's value, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100