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Fly News Breaks for June 18, 2019
PB, LTXB
Jun 18, 2019 | 09:01 EDT
Raymond James analyst Michael Rose downgraded LegacyTexas Financial (LTXB) to Market Perform from Outperform following the company's merger with Prosperity Bancshares (PB). In a research note to investors, Rose says that while there remains 7.5% upside to the deal's per share priceof $41.78 from yesterday's closing price of $38.88, he sees little in the way of catalysts for outperformance from now until the expected closing of the deal in the fourth quarter.
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