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Fly News Breaks for August 2, 2017
OZRK
Aug 2, 2017 | 08:16 EDT
Morgan Stanley analyst Ken Zerbe initiated Bank of the Ozarks with an Overweight and a $54 price target. The departure of key executive last week and the share selloff creates a buying opportunity, the analyst wrote. Zerbe said the market is overly discounting Ozarks' loan growth and is giving the company no credit for its ability to maintain its below peer credit losses and notes more of its growth has come from RESG.
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