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Fly News Breaks for April 19, 2018
HBHC
Apr 19, 2018 | 07:47 EDT
SunTrust analyst Jennifer Demba lowered her price target on Hancock Holding to $54 after a Q1 earnings miss while also citing the generally lower industry peer valuations. Demba keeps her Hold rating but expects FY18 profitability to improve thanks to the benefits of the consumer finance company sale and the Capital One trust acquisition. The analyst also forecasts expansion of Hancock's net interest income on rising loan growth and better net interest margins as the Fed continues raising rates.
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