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Fly News Breaks for September 5, 2019
AMNB
Sep 5, 2019 | 17:16 EDT
Keefe Bruyette analyst Catherine Mealor downgraded American National Bankshares to Market Perform from Outperform and lowered her price target for the shares to $37 from $40. The downgrade comes after Keefe Bruyette changed its economic baseline to include four additional 25-basis point Fed interest rate cuts, down to 1.00%, and a ten-year yield dropping to 1.00% by early 2020. She sees more limited upside in shares of American National.
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