Piper Sandler Upgrades Southern First Bancshares to Overweight, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Casey Orr Whitman upgraded Southern First Bancshares (SFST) from Neutral to Overweight and increased the price target from $34 to $44.

January 03, 2024 | 12:49 pm
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Southern First Bancshares was upgraded by Piper Sandler from Neutral to Overweight with a price target boost from $34 to $44, indicating a positive outlook on the stock.
Upgrades by analysts, especially from neutral to overweight, typically suggest a positive outlook on the stock and can lead to increased investor confidence. The substantial raise in the price target from $34 to $44 by Piper Sandler further underscores the potential for stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100