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Fly News Breaks for June 9, 2017
MSL
Jun 9, 2017 | 09:20 EDT
Raymond James analyst William Wallace downgraded MidSouth Bancorp to Underperform from Outperform saying he was disappointed by the size of the capital raise and new, negative disclosures including expectations it will be placed in "troubled condition" by the OCC, a $7-$12M loan loss provision in Q2, a $3M pretax restructuring charge in Q2, and pending cost cutting actions. Wallace is said risk/reward is incrementally more negative on shares given the pending "troubled condition" designation and potential additional regulatory issues.
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