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Fly News Breaks for August 29, 2019
WTFC
Aug 29, 2019 | 07:48 EDT
As previously reported, Raymond James downgraded Wintrust Financial to Outperform from Strong Buy and trimmed the price target to $71 from $80. Analyst David Long expects Wintrust's yield on assets to contract due to the drop in LIBOR and Treasury yields, pressuring overall NIM and limiting near-term upside. Longer term, the analyst said Wintrust has relatively attractive growth prospects, excellent credit metrics and capital levels, and a core competency in accretive roll-ups.
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