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Fly News Breaks for August 29, 2019
BFST
Aug 29, 2019 | 07:26 EDT
As previously reported, Raymond James downgraded Business First Bancshares to Market Perform from Outperform. Analyst William Wallace believes the flattening yield curve and potential additional rate cuts will be a challenge to spread revenue and slightly reduced his earnings estimates. The analyst views risk/reward as balanced given expectations for below-peer profitability in 2020.
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