Keefe Bruyette lowered the firm’s price target on Live Oak Bancshares (LOB) to $48 from $52 and keeps a Market Perform rating on the shares as part of a Q4 earnings preview for the banks. The recent pullback in bank stocks provides an opportunity for investors to selectively add exposure ahead of what Keefe believes will be “fairly constructive” 2025 guides, the analyst tells investors in a research note.
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