Truist Securities Maintains Buy on Seacoast Banking, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Seacoast Banking (NASDAQ:SBCF) but lowered the price target from $26 to $25.
June 29, 2023 | 3:57 pm
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NEUTRAL IMPACT
Seacoast Banking's price target has been lowered from $26 to $25 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities may cause some short-term uncertainty among investors, potentially impacting the stock's price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100