Fly News Breaks for January 17, 2020
Jan 17, 2020 | 08:07 EDT
DA Davidson analyst Russell Gunther downgraded Independent Bank to Neutral from Buy with a price target of $24, down from $26. The analyst is positive on the company's significant presence and unique opportunity to gain share in its attractive Michigan markets, but sees its average return metrics - albeit in line with its peers - trending in the wrong direction. Gunther adds that Independent Bank's earnings growth is below that of its peers and sees its current discounted valuation as appropriate.
News For IBCP From the Last 2 Days
There are no results for your query IBCP