Glacier Bancorp price target lowered to $45 from $55 at Raymond James

Raymond James lowered the firm’s price target on Glacier Bancorp (GBCI) to $45 from $55 and keeps an Outperform rating on the shares. Glacier Bancorp reported “solid” Q1 results, with significant margin expansion and earnings growth trajectory that remains intact, the analyst tells investors in a research note. The firm sees a favorable risk/reward.