Fly News Breaks for July 22, 2019
Jul 22, 2019 | 08:43 EDT
SunTrust analyst Jennifer Demba lowered her price target on Iberiabank to $86 and also lowered her FY19 EPS view by 12c to $7.02 after its Q2 results showed lower spread income partially offset by higher fee income and lower expenses. The analyst maintains her Buy rating on Iberiabank however, saying its lending pipeline is still healthy and the management has indicated that it is open to different M&A opportunities but is not interested in "high premium" deals.
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