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Independent Bank price target raised to $57 from $46 at Keefe Bruyette

Independent Bank price target raised to $57 from $46 at Keefe Bruyette

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.

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