J.P. Morgan maintains its Neutral rating on Signature Bank SBNY after meeting with SBNY's President and CEO Joseph DePaolo and CFO Eric Howell.
In its note to clients, J.P. Morgan writes, "The positive longer term outlook at SBNY seems to already be captured in the valuation with the shares trading at a 66% premium on a P/TBV basis, in our view. Consequently, we maintain our Neutral rating."
J.P. Morgan increases its price target on SBNY from $50 to $54.
SBNY closed yesterday at $48.88.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsFinancialsJ.P. MorganRegional BanksSignature Bank
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in