Stephens & Co. Maintains Overweight on Heartland Financial USA, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy maintains an Overweight rating on Heartland Financial USA (NASDAQ:HTLF) but lowers the price target from $38 to $34.

November 01, 2023 | 2:08 pm
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NEGATIVE IMPACT
Heartland Financial USA's price target has been lowered from $38 to $34 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. indicates a potential decrease in the short-term value of Heartland Financial USA's stock. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100