Stephens & Co. Maintains Overweight on Independent Bank Gr, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on Independent Bank Gr (NASDAQ:IBTX) and lowers the price target from $47 to $46.

October 25, 2023 | 3:36 pm
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NEUTRAL IMPACT
Stephens & Co. maintains an Overweight rating on Independent Bank Gr and lowers the price target from $47 to $46.
The news is directly about Independent Bank Gr (IBTX). The Overweight rating indicates that the analyst expects the stock to outperform the market, which is positive. However, the lowering of the price target from $47 to $46 might have a slight negative impact as it suggests a lower future value than previously expected. The overall impact is neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100