Seacoast Banking price target lowered to $27 from $31 at Raymond James

Raymond James analyst David Feaster lowered the firm’s price target on Seacoast Banking (SBCF) to $27 from $31 and keeps an Outperform rating on the shares. The firm continues to see the company as a core small cap holding and a place to hide amid the broader economic uncertainty, telling investors in a research note that the bank brings an attractive combination of defense and disciplined growth, which it sees as increasingly attractive in this uncertain backdrop.