JP Morgan Maintains Underweight on HBT Finl, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Underweight rating on HBT Financial (NASDAQ:HBT) and raises the price target from $21 to $22.
April 23, 2024 | 2:17 pm
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JP Morgan analyst Steven Alexopoulos maintains an Underweight rating on HBT Financial but raises the price target from $21 to $22.
The adjustment in price target by JP Morgan suggests a slightly more positive outlook on HBT Financial's valuation, despite maintaining an Underweight rating. This could indicate a belief in some underlying strengths or improvements in the company's performance or market position, but not enough to change the overall bearish stance. Investors might see this as a nuanced view, leading to mixed reactions in the short term.
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IMPORTANCE 75
RELEVANCE 100