Raymond James Maintains Outperform on Seacoast Banking, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster has maintained an 'Outperform' rating on Seacoast Banking (NASDAQ:SBCF), but lowered the price target from $27 to $23.

October 30, 2023 | 12:30 pm
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Seacoast Banking's price target has been lowered from $27 to $23 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 80
RELEVANCE 100