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Fly News Breaks for December 19, 2018
IBKC
Dec 19, 2018 | 07:22 EDT
Stephens analyst Matt Olney upgraded Iberiabank (IBKC) to Overweight from Equal Weight as he believes the bank to be among a group of Southwest banking peers that offer attractive positioning in line with a more defensive sentiment. Regional credit trends remain excellent in the Southwest region, noted Olney, who adds that he believes Iberiabank is refocusing its strategy towards capital return to shareholders. He raised his price target on Iberiabank shares to $85 from $78. He also upgraded peers UMB Financial (UMBF) and Guaranty Bancshares (GNTY) this morning.
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