Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains a Market Perform rating on Independent Bank (INDB) and lowers the price target from $64 to $60.

April 22, 2024 | 12:53 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains a Market Perform rating on Independent Bank and lowers the price target from $64 to $60.
The reduction in price target by Keefe, Bruyette & Woods suggests a more cautious outlook on Independent Bank's stock, potentially due to revised earnings expectations or market conditions. This adjustment is likely to influence investor sentiment negatively in the short term, leading to a possible decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100