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Fly News Breaks for January 6, 2020
WSBC
Jan 6, 2020 | 16:24 EDT
Stephens analyst Brody Preston resumed coverage of WesBanco (WSBC) with an Overweight rating and $41.50 price target, saying he believes the stock is "well positioned" for the next year. Preston said he expects above average profitability levels to continue, and for the company's growth outlook to improve with the Old Line (OLBK) acquisition completed. The analyst noted that Old Line makes up 20% of the combined balance sheet, and as a result, he expects it to add at least a couple of points to WesBanco's laon growth rate moving forward.
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