Stock Track | SmartFinancial Soars 5.52% Intraday After Hovde Group Upgrade to Outperform

Stock Track

Jan 22

SmartFinancial, Inc. (SMBK) experienced a significant price increase of 5.52% during intraday trading on Thursday.

The surge appears to be driven by positive analyst action, specifically Hovde Group's upgrade of SmartFinancial from Market Perform to Outperform with a $48 price target, which was published pre-market. This upgrade suggests improved outlook and likely spurred investor buying interest.

Additional analyst coverage from KBW, which maintained a Hold rating with a $42 price target, was also noted in the market, providing further context to the trading activity.

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(SMBK) experienced a significant price increase of 5.52% during intraday trading on Thursday.</p><p>The surge appears to be driven by positive analyst action, specifically Hovde Group's upgrade of SmartFinancial from Market Perform to Outperform with a $48 price target, which was published pre-market. 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