Keefe, Bruyette & Woods Maintains Market Perform on Southside Bancshares, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has maintained its 'Market Perform' rating on Southside Bancshares (NASDAQ:SBSI) and raised the price target from $31 to $34.
July 27, 2023 | 7:14 pm
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Southside Bancshares' price target has been raised from $31 to $34 by Keefe, Bruyette & Woods, which maintains a 'Market Perform' rating on the stock.
The increase in price target by Keefe, Bruyette & Woods indicates a positive outlook for Southside Bancshares. This could potentially lead to an increase in the stock's price in the short term. However, the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which may limit significant price appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100