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Provident upgraded to Outperform from Market Perform at Keefe Bruyette

Provident upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded Provident Financial to Outperform from Market Perform with a price target of $21, up from $20. The analyst expects “several positive catalysts” to drive improving investor sentiment and a higher share price over the remainder of 2024. The firm believes risks of the Lakeland Bancorp acquisition have now been eliminated or at least moderated, which is not priced into the shares.

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