Truist Securities Maintains Hold on Seacoast Banking, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Seacoast Banking (NASDAQ:SBCF) while lowering the price target from $30 to $28.
October 28, 2024 | 1:04 pm
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Truist Securities has maintained a Hold rating on Seacoast Banking and lowered the price target from $30 to $28, indicating a cautious outlook.
The lowering of the price target from $30 to $28 by Truist Securities suggests a less optimistic view on Seacoast Banking's near-term performance. Maintaining a Hold rating indicates that the stock is expected to perform in line with the market, but the reduced price target may lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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IMPORTANCE 80
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