Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Lowers Price Target to $64-Report Released on 21 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell has maintained a 'Market Perform' rating on Independent Bank (NASDAQ:INDB) but lowered the price target from $66 to $64.
January 22, 2024 | 3:50 pm
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Independent Bank's price target was reduced from $66 to $64 by Keefe, Bruyette & Woods, although the 'Market Perform' rating was maintained.
The reduction in price target by an analyst can be seen as a negative signal, suggesting that the analyst sees less upside potential for the stock. This could lead to short-term negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100