Piper Sandler Maintains Neutral on Horizon Bancorp, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Race has maintained a Neutral rating on Horizon Bancorp (NASDAQ:HBNC) and increased the price target from $13 to $14.

December 13, 2023 | 2:07 pm
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POSITIVE IMPACT
Piper Sandler has maintained a Neutral rating on Horizon Bancorp, but raised the price target from $13 to $14, indicating a potential upside from the previous target.
The increase in price target by Piper Sandler suggests a positive outlook on the stock's value, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100