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Fly News Breaks for April 26, 2019
HFWA
Apr 26, 2019 | 09:23 EDT
As previously reported, Sandler O'Neill analyst Tim O'Brien downgraded Heritage Financial to Hold from Buy after the bank reported a revenue shortfall that drove an earnings miss. While he said he has confidence "that at least some of the issues that arose and hindered performance this quarter should get resolved in the near-term," O'Brien added that "others seem poised to linger on for awhile." After lowering his estimates, he cut his price target on Heritage Financial shares to $32 from $34.
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