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Fly News Breaks for July 19, 2019
AMNB
Jul 19, 2019 | 15:22 EDT
Raymond James William Wallace reiterated an Outperform rating on American National Bankshares, but lowered his price target to $40 from $41 after the company's Q2 earnings results "fell short" of his and consensus expectations. He noted that the quarter was noisy due to the HomeTown acquisition, but called underlying trends "mixed," saying core margin expanded nicely, but operating margins were higher than expected.
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