DA Davidson Downgrades Prosperity Bancshares to Neutral, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Prosperity Bancshares from Buy to Neutral and lowered its price target from $80 to $78.
October 15, 2024 | 1:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DA Davidson downgraded Prosperity Bancshares from Buy to Neutral and reduced the price target from $80 to $78, indicating a less optimistic outlook.
The downgrade from Buy to Neutral suggests a less favorable view of Prosperity Bancshares' future performance. The lowered price target from $80 to $78 indicates reduced expectations for the stock's potential upside, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100