Truist Securities Downgrades SouthState to Hold, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has downgraded SouthState (NASDAQ:SSB) from Buy to Hold and lowered the price target from $86 to $73.

September 27, 2023 | 11:47 am
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SouthState has been downgraded from Buy to Hold by Truist Securities, and its price target has been lowered from $86 to $73.
The downgrade from Buy to Hold indicates a less optimistic outlook for SouthState by Truist Securities. The lowering of the price target from $86 to $73 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100