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Fly News Breaks for February 9, 2018
RNST
Feb 9, 2018 | 09:07 EDT
Hilliard Lyons analyst Andrew Stapp upgraded Renasant to Buy with a $48 price target. The analyst believes the recent selloff in the shares creates an attractive investment opportunity. Renasant has declined 6.9% in the current correction and now trades at 13.6 times the analyst's 2018 earnings estimate. He believes the "discounted valuation is clearly too low for a company that generated linked-quarter annualized growth of 9.1% loan growth" in Q4.
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