Raymond James lowered the firm’s price target on First Busey (BUSE) to $27 from $29 and keeps an Outperform rating on the shares. First Busey management indicated that given the recent underperformance in shares, it anticipates being aggressive on executing share repurchases in the near-term, driving the firm’s forecasts for 1.75M and 1.0M of share buybacks in 2025 and 2026, respectively, the analyst tells investors in a research note. The firm maintains a bullish stance on the shares.
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