Horizon Bancorp (HBNC) Analyst Update: Fair Value Remains at $21.20 Amid Shift in Discount Rate and Revenue Growth Inputs

Horizon Bancorp's latest analyst update keeps the fair value price target at $21.20, with bullish and bearish voices focusing on revised discount rate and revenue growth inputs. Keefe Bruyette recently raised its price target by $2, implying a more constructive view on the shares' potential value. However, the investment case depends on underlying model inputs, and a change in assumptions could lead to a lower implied value.