Truist Securities Downgrades Independent Bank Gr to Hold, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Independent Bank Group (NASDAQ: IBTX) from Buy to Hold, while raising the price target from $46 to $50.
May 29, 2024 | 11:47 am
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NEUTRAL IMPACT
Truist Securities downgraded Independent Bank Group from Buy to Hold, but raised the price target from $46 to $50.
The downgrade from Buy to Hold suggests a neutral outlook, which could limit significant upward movement in the stock price. However, the raised price target to $50 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100