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Independent Bank price target lowered to $63 from $74 at Piper Sandler

Piper Sandler analyst Mark Fitzgibbon lowered the firm’s price target on Independent Bank (INDB) to $63 from $74 and keeps a Neutral rating on the shares following quarterly results. The firm would expect the stock to be under some pressure on Monday morning given the market’s hypersensitivity to credit issues.

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