Raymond James Maintains Outperform on Independent Bank Gr, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained an Outperform rating on Independent Bank Gr (NASDAQ:IBTX) and increased the price target from $56 to $59.
January 24, 2024 | 10:13 am
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Raymond James analyst Michael Rose has reaffirmed an Outperform rating on Independent Bank Gr and raised the price target from $56 to $59, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100