Raymond James Maintains Outperform on NBT Bancorp, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss has maintained an Outperform rating on NBT Bancorp (NASDAQ:NBTB) and increased the price target from $40 to $45.
January 05, 2024 | 5:36 pm
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Steve Moss of Raymond James has reiterated an Outperform rating on NBT Bancorp and raised the price target to $45, indicating a positive outlook on the stock.
The reiteration of an Outperform rating combined with an increased price target usually signals analyst confidence in a company's future performance, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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