Stephens & Co. Reiterates Overweight on Horizon Bancorp, Maintains $12 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy has reiterated an Overweight rating on Horizon Bancorp (NASDAQ:HBNC) and maintained a price target of $12. The reaffirmation of the rating and price target suggests continued confidence in the company's performance and potential for growth.
December 13, 2023 | 2:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stephens & Co. analyst Terry McEvoy has maintained an Overweight rating and a $12 price target for Horizon Bancorp (NASDAQ:HBNC), indicating a positive outlook on the stock.
The reiteration of an Overweight rating and the maintenance of a $12 price target by a reputable analyst can be seen as a positive endorsement of Horizon Bancorp's stock. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100