Piper Sandler Maintains Overweight Rating for First Busey: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has reaffirmed its Overweight rating on First Busey (NASDAQ:BUSE) and increased its price target from $21.00 to $23.00. First Busey's shares have risen 1.77% in the last 24 hours to $21.26. The new price target suggests a potential upside of 8.18%. First Busey Corporation is a financial holding company with operations in banking, remittance processing, and wealth management, primarily generating revenue from its banking segment.
November 28, 2023 | 5:00 pm
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POSITIVE IMPACT
Piper Sandler maintains an Overweight rating on First Busey and raises the price target to $23, indicating a positive outlook for the stock.
The maintenance of an Overweight rating and an increase in the price target by a reputable analyst firm like Piper Sandler typically signals confidence in the company's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price, especially when the stock is already trending upwards as indicated by the recent 1.77% rise.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100