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Independent Bank price target raised to $65 from $48 at Truist

Independent Bank price target raised to $65 from $48 at Truist

Truist analyst Brandon King raised the firm’s price target on Independent Bank to $65 from $48 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 earnings for Community and Regional Banks. The firm’s revisions reflect slightly lower net interest income offset by lower provisioning, the analyst tells investors in a research note.

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