Truist Securities Maintains Buy on Glacier Bancorp, Lowers Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Glacier Bancorp (NYSE:GBCI) but lowered the price target from $40 to $34.
June 29, 2023 | 2:49 pm
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Truist Securities has maintained a 'Buy' rating on Glacier Bancorp but lowered the price target from $40 to $34.
The news is directly related to Glacier Bancorp. The maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could be positive for the stock. However, the lowered price target might indicate a slower growth rate than previously expected, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100