Barclays Upgrades Banc of California to Overweight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has upgraded Banc of California (NYSE:BANC) from Equal-Weight to Overweight and increased the price target from $17 to $18.
October 31, 2024 | 11:22 am
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POSITIVE IMPACT
Barclays has upgraded Banc of California to Overweight and increased its price target to $18, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Barclays suggests increased confidence in Banc of California's performance. The raised price target to $18 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100