Amerant Bancorp (AMTB) stock surged 8.01% in the pre-market trading session on Thursday, following a positive analyst report from Piper Sandler.
Piper Sandler analyst Stephen Scouten maintained a Buy rating on Amerant Bancorp and set a price target of $33.00 for the stock. The analyst's optimistic outlook on the company's prospects boosted investor confidence, driving the stock higher.
The significant price movement underscores the market's sensitivity to analyst recommendations, which can influence investor sentiment and trigger substantial shifts in stock valuations.
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