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BHLB Analyst's Forecast
Jon Arfstrom
RBC Capital
Hold
2024-12-17
Price Target
$32 → $31
Upside
+7.19%
RBC Capital lowered the firm's price target on Berkshire Hills Bancorp (BHLB) to $31 from $32 and keeps a Sector Perform rating on the shares. The company's merger with Brookline Bancorp (BRKL) should meaningfully increase its scale across the Northeast, while the potential synergies between the two companies should help drive long-term improvement in efficiency and profitability, the analyst tells investors in a research note.
