Independent Bank price target raised to $82 from $80 at Barclays

Barclays raised the firm’s price target on Independent Bank (INDB) to $82 from $80 and keeps an Underweight rating on the shares. The firm adjusted targets in the mid-cap bank group as part of a Q1 preview. Loan growth and net interest income trends “look strong” but Barclays has more questions around credit relative to the start of the year as energy prices, AI disruption, and layoff activity “inject uncertainty,” the analyst tells investors in a research note.