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Fly News Breaks for March 2, 2020
PB
Mar 2, 2020 | 08:32 EDT
As previously reported, Wedbush analyst Peter Winter upgraded Prosperity Bancshares to Outperform from Neutral with a price target of $74, down from $75. The analyst argues that Prosperity Bancshares is a flight to quality bank in times of stress and believes its acquisition of Legacy Texas will be more accretive than originally projected, offsetting potential margin pressures from the precipitous drop in rates and potentially much weaker economy.
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