Piper Sandler Downgrades Independent Bank Gr to Neutral, Raises Price Target to $44
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Brad Milsaps has downgraded Independent Bank Gr (NASDAQ:IBTX) from Overweight to Neutral, while raising the price target from $40 to $44.

July 26, 2023 | 9:14 am
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NEUTRAL IMPACT
Independent Bank Gr has been downgraded from Overweight to Neutral by Piper Sandler, with a raised price target from $40 to $44.
The downgrade from Overweight to Neutral suggests that Piper Sandler sees less upside potential in the stock, which could lead to a neutral or negative reaction in the short term. However, the raised price target from $40 to $44 indicates an expectation of some price appreciation, which could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100