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Fly News Breaks for August 1, 2018
MSL
Aug 1, 2018 | 08:46 EDT
As previously reported, Sandler O'Neill analyst Stephen Scouten downgraded MidSouth Bancorp to Hold from Buy, stating that he is impressed with the progress made year-over-year but that the bank continues to work through its non-performing credits and its build-out associated with its regulatory remediation efforts. Scouten sees a longer timeline to ultimate resolution and thinks the "path will be bumpy." He has a $15 price target on MidSouth shares.
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