In a recent analysis, Keefe Bruyette's Christopher McGratty adjusted his financial outlook on Banc of California (BANC, Financial), lowering the bank's price target from $19 to $17. Despite this reduction, McGratty continues to hold a positive stance on the stock by maintaining an Outperform rating.
This adjustment reflects a recalibration of expectations, although the analyst still sees potential for the shares to perform better than the overall market. Investors will keep an eye on Banc of California’s strategic developments and market conditions following this revised forecast.
