Information Provided By: 
Fly News Breaks for June 19, 2019
PB, LTXB
Jun 19, 2019 | 07:27 EDT
SunTrust analyst Michael Young downgraded LegacyTexas Financial (LTXB) to Hold from Buy and lowered his price target to $41 from $43 after the company's merger with Prosperity Bancshares (PB). The analyst says the rating change is a "realization" of his prior bullish investment thesis, as the company has built a commercial banking franchise with scale in the "highly desired" Dallas Fort Worth market. Young also sees the potential risk to the deal from a higher bid as "very unlikely".
News For LTXB;PB From the Last 2 Days
