Stephens lowered the firm’s price target on Hanover Bancorp (HNVR) to $22.50 from $23.50 and keeps an Equal Weight rating on the shares, calling Q2 results “a bit of a mixed bag.” To be more constructive on the story, the firm needs to see improvements to overall deposit cost and composition along with stronger levels of profitability, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HNVR: