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Fly News Breaks for July 12, 2018
OZRK
Jul 12, 2018 | 06:36 EDT
Bank of the Ozarks last night did not post the quarter it needed to reverse the negative sentiment on the shares, Brean Capital analyst Blair Brantley tells investors in a research note. The company saw some pressure in areas investors are focused on, including loan growth/unfunded balances and core spreads, the analyst adds. Brantley expects some weakness in the shares and for estimates to "come in somewhat." The analyst, however, continues to believe there is upside in the shares despite what may be a "slower" growth outlook. He keeps a Buy rating on Bank of the Ozarks with a $64 price target.
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