Truist Securities Maintains Hold on Glacier Bancorp, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a Hold rating on Glacier Bancorp (NYSE:GBCI) and increased the price target from $32 to $45.

December 15, 2023 | 3:46 pm
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POSITIVE IMPACT
Truist Securities reaffirmed a Hold rating on Glacier Bancorp, while raising the price target from $32 to $45, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests that the analyst sees improved prospects for Glacier Bancorp, which could lead to increased investor interest and a potential rise in the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify an upgrade to a Buy rating at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100