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DA Davidson Reaffirms Buy Rating for Dime Community Bancshares Amid Price Target Cut
DA Davidson has reaffirmed its Buy rating for Dime Community Bancshares, cutting the price target to $36.00 while projecting significant upside potential driven by net interest margin expansion.
- DA Davidson analyst Peter Winter has initiated coverage of Dime Community Bancshares, Inc. (NASDAQ:DCOM) with a Buy rating and lowered its price target from $38.00 to $36.00.
- Currently, Dime Community Banks stock trades at $27.84, with analyst price targets ranging from $31 to $42, indicating potential for 29% upside.
- Factors contributing to the positive outlook for Dime Community Bancshares include expected net interest margin (NIM) expansion and robust balance sheet growth.
Por Qué Es Relevante
This rating and price target adjustment reflects investor confidence in Dime Community Bancshares strategy and financial health, highlighting trends in the commercial banking sector and potential for future growth amid economic fluctuations.