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Fly News Breaks for February 9, 2018
FMBH
Feb 9, 2018 | 06:21 EDT
DA Davidson analyst Kevin Reevey upgraded First Mid-Illinois Bancshares to Buy from Neutral with a $43 price target. Reevey says the stock's current price point is an attractive level for an entry following an 11% YTD decline, as it offers a 1% discount to the peer group. The analyst believes that the bank should trade at a premium based on its "strong operating metrics and enhanced growth trajectory", along with anticipated healthy organic loan growth this year.
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