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Fly News Breaks for October 19, 2018
BXS
Oct 19, 2018 | 08:49 EDT
RBC Capital analyst Jon Arfstrom lowered his price target on BancorpSouth to $32 to reflect the lower peer group multiples even though the company's Q3 results were "stable" with "modest loan growth, core margin stability and strong credit". The analyst adds that the bank's recent acquisitions should provide opportunities for more growth and efficiency going into 2019, but sees its current valuation supporting a neutral Sector Perform rating.
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