Glacier Bancorp price target lowered to $47 from $51 at Raymond James

Raymond James analyst Michael Rose lowered the firm’s price target on Glacier Bancorp to $47 from $51 and keeps an Outperform rating on the shares. The current environment validates Glacier’s business model in many ways, and Raymond James continues to favorably view its defensive characteristics in the current the economic backdrop, the analyst tells investors in a research note.