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Fly News Breaks for September 25, 2019
BXS
Sep 25, 2019 | 07:16 EDT
As previously reported, SunTrust analyst Jennifer Demba upgraded BancorpSouth to Buy and raised her price target to $33 from $32, also boosting her FY20 EPS view by 3c to $2.47. The analyst is positive on the company's "steady" small bank acquisition strategy and its "less asset sensitive" balance sheet, adding that its large mortgage and insurance business help to offset the interest rate related challenges in spread income.
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