Truist Securities Maintains Hold on Seacoast Banking, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Young has maintained a Hold rating on Seacoast Banking (NASDAQ:SBCF) but reduced the price target from $29 to $28.

January 30, 2024 | 1:41 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Hold rating on Seacoast Banking but lowered the price target from $29 to $28, indicating a potential limited upside or downside.
The adjustment in price target by Truist Securities is a minor change, suggesting a slight decrease in expected performance but not significant enough to change the overall Hold rating. This indicates that the analyst sees limited upside or downside potential in the short term, which may result in a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100