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Fly News Breaks for August 29, 2019
OBNK
Aug 29, 2019 | 07:32 EDT
As previously reported, Raymond James downgraded Origin Bancorp to Outperform from Strong Buy and trimmed the price target to $37 from $39. Analyst William Wallace believes the flattening yield curve and potential additional rate cuts will pressure spread revenue. Wallace now views risk/reward as less attractive, but notes shares currently trade at a discount to the small-cap peer group.
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