Piper Sandler Maintains Neutral on German American Bancorp, Raises Price Target to $36-Report Released on 31 January 2024
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Race maintains a Neutral rating on German American Bancorp (NASDAQ:GABC) and raises the price target from $34 to $36 as of 31 January 2024.
February 01, 2024 | 8:23 pm
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POSITIVE IMPACT
Piper Sandler maintains a Neutral rating on German American Bancorp and raises the price target from $34 to $36.
The increase in the price target by Piper Sandler suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100