Raymond James Upgrades German American Bancorp to Outperform, Announces $38 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has upgraded German American Bancorp (GABC) from Market Perform to Outperform and set a price target of $38. This upgrade reflects a positive outlook on the company's stock performance.
January 05, 2024 | 1:43 pm
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German American Bancorp was upgraded by Raymond James from Market Perform to Outperform with a new price target of $38, indicating a positive future performance expectation.
Upgrades by analysts, especially from neutral to positive ratings, can lead to increased investor confidence and a potential rise in stock price. The new price target of $38 suggests that Raymond James sees substantial upside potential for GABC.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100