Stephens & Co. Maintains Equal-Weight on Southside Bancshares, Raises Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Matt Olney maintains an Equal-Weight rating on Southside Bancshares (NASDAQ:SBSI) and raises the price target from $29 to $34.
July 26, 2023 | 2:29 pm
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Southside Bancshares' price target has been raised from $29 to $34 by Stephens & Co. The rating remains at Equal-Weight.
The increase in price target indicates that the analyst sees potential for the stock's price to rise in the future. This could lead to increased investor interest and potentially a short-term increase in the stock's price. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in its sector, which may limit the potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100