Raymond James Upgrades Independent Bank Gr to Outperform, Announces $56 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has upgraded Independent Bank Gr (NASDAQ:IBTX) from Market Perform to Outperform and set a price target of $56.

January 05, 2024 | 1:49 pm
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Independent Bank Gr was upgraded by Raymond James from Market Perform to Outperform with a new price target of $56.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $56 by Raymond James indicates a bullish outlook on Independent Bank Gr, which could encourage investors to buy shares, potentially driving up the stock price in the short term.
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