1st Source Corp (NASDAQ: SRCE) stock enjoyed a major increase of 11.6% on 11/6/24. The shares closed at $67.29. Moreover, this advance was accompanied by exceptionally high trading volume at 328% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.1% during the last week.
Current PriceTarget Research Rating
SRCE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
1st Source has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. 1st Source has a good Appreciation Score of 71 and a good Power Rating of 77, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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