Published on 26 Apr 2024 on Zacks via Yahoo Finance
All You Need to Know About Stock Yards (SYBT) Rating Upgrade to Buy
Stock Yards Bancorp (SYBT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.