Wells Fargo analyst Timur Braziler lowered the firm’s price target on N.T. Butterfield (NTB) to $50 from $54 and keeps an Equal Weight rating on the shares. The firm remains constructive on regional banks, and favors banks where improving fundamentals could drive valuation re-rating higher in the second half of 2025, especially those that also benefit from increased M&A activity.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTB:
- Wells Fargo downgrades N.T. Butterfield, sees better entry point likely ahead
- N.T. Butterfield downgraded to Equal Weight from Overweight at Wells Fargo
- Butterfield Announces Key Leadership Changes to Enhance Risk Management
- N.T. Butterfield reappoints Michael Schrum as CFO
- Bank of NT Butterfield Releases Pillar 3 Disclosures for H1 2025