Stephens upgraded Glacier Bancorp (GBCI) to Overweight from Equal Weight with an unchanged price target of $57. While stating that “it’s tough to argue for valuation upside considering the premium multiple,” shares have lagged by nearly 9% relative to the SPDR S&P Regional Banking ETF over the past 60 days, which the firm sees creating “a better entry point.” Glacier is “one of the biggest beneficiaries in our coverage from fixed asset repricing,” the benefit of which can accelerate into 2026, the analyst added.
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