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Fly News Breaks for June 18, 2019
LTXB, PB
Jun 18, 2019 | 09:04 EDT
Raymond James analyst Michael Rose upgraded Prosperity Bancshares (PB) to Market Perform from Underperform following the company's merger with LegacyTexas Financial (LTXB). In a research note to investors, Rose says the transaction provides meaningful scale in some of the most attractive markets in the country, and says he views the merger positively, as it combines LegacyTexas' loan growth engine with Prosperity's strong deposit base, all while maintaining a core Texas footprint.
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