Truist Securities Maintains Buy on Live Oak Bancshares, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Live Oak Bancshares but has lowered the price target from $57 to $46.

October 28, 2024 | 1:02 pm
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Truist Securities has maintained a Buy rating on Live Oak Bancshares but has lowered the price target from $57 to $46.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its potential upside. This mixed signal could lead to short-term downward pressure on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100