Keefe Bruyette raised the firm’s price target on Independent Bank to $57 from $46 and keeps an Outperform rating on the shares. The analyst believes the Q2 results from the banks will continue the debate of net interest income inflection and credit normalization.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBTX:
- Correction: Independent Bank downgraded at Stephens on May 21
- Independent Bank downgraded to Equal Weight from Overweight at Stephens
- Wynn Resorts upgraded, PayPal initiated: Wall Street’s top analyst calls
- Piper double upgrades Independent Bank ahead of sale to South State
- Independent Bank upgraded to Overweight from Underweight at Piper Sandler
Questions or Comments about the article? Write to editor@tipranks.com