Piper Sandler analyst Stephen Scouten upgraded Bank OZK to Overweight from Neutral with a price target of $37, up from $32. The analyst makes the shares his 2020 top idea as he sees a more favorable risk/reward dynamic. The stock's "two-turn" price-to-earnings discount should diminish slightly throughout the year as the bank delivers "solid" earnings and moves further away from the credit noise seen in Q3 of 2018, Scouten tells investors in a research note. Further, he believes there is more potential upside to estimates than downside given a more stable rate environment and a return to "more rapid" growth in the second half of 2020 as paydown pressures subside.