- The stock's big run higher (more than 40% since late June) has left it fairly valued with little upside, says analyst Jeff Rulis, downgrading to Neutral from Buy. The price target is raised to $29 from $27 as peer multiples have increased in the past few weeks. With a 2.6% decline today, HMST is currently at $26.45.
- As for the core thesis, it remains unchanged: The bank is one of the strongest growth stories in Rulis' coverage universe, both organically and strategically.
HomeStreet rally pauses as D.A. Davidson rings the register
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Symbol | Last Price | % Chg |
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