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Fly News Breaks for February 4, 2019
NKSH
Feb 4, 2019 | 09:28 EDT
As previously reported, Sandler O'Neill analyst Brendan Nosal upgraded National Bankshares to Buy from Hold after the bank's core Q4 results met his forecast. The stock's valuation discount to peers has widened meaningfully since the bank's last earnings report and though Nosal said he does not generally like upgrading a name at the same time that he lowers his EPS estimates, he believes the "recent underperformance makes a more constructive outlook warranted." He has a $42.50 price target on National Bankshares.
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