Truist Securities Downgrades Seacoast Banking to Hold, Announces $29 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Young has downgraded Seacoast Banking (NASDAQ:SBCF) from Buy to Hold and set a price target of $29.
January 05, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Seacoast Banking was downgraded by Truist Securities from Buy to Hold with a price target of $29.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $29 provides a reference point that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100