Keefe, Bruyette & Woods Upgrades Towne Bank to Outperform, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has upgraded Towne Bank (NASDAQ:TOWN) from Market Perform to Outperform, raising the price target from $35 to $40.
October 02, 2024 | 12:06 pm
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Keefe, Bruyette & Woods has upgraded Towne Bank from Market Perform to Outperform, with a new price target of $40, up from $35.
The upgrade to Outperform and the increased price target suggest positive expectations for Towne Bank's performance, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100