Truist Securities Maintains Buy Rating for Glacier Bancorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Glacier Bancorp (NYSE:GBCI) but lowered its price target from $40.00 to $34.00. Glacier Bancorp's shares are currently trading up 1.52% at $31.33 per share. A move to $34.00 would represent an 8.52% increase from the current share price.
June 29, 2023 | 5:02 pm
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Truist Securities has maintained its Buy rating for Glacier Bancorp but lowered its price target. This could potentially lead to increased investor interest in the short term.
The maintained Buy rating indicates that Truist Securities still sees potential in Glacier Bancorp, which could attract investors. However, the lowered price target suggests a more conservative outlook on the stock's performance, which might temper the potential increase in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100