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Fly News Breaks for March 25, 2019
Mar 25, 2019 | 09:23 EDT
As previously reported, Sandler O'Neill analyst Stephen Scouten upgraded MidSouth Bancorp to Buy from Hold, citing his view that the bank "has largely cleared the decks" at the start of 2019 following its recent 10-K filing. He thinks that the company appears positioned to stabilize and once again grow later in 2019 with classified assets on a pro forma basis down to about 17%, Scouten tells investors. He has a $13 price target on MidSouth Bancorp shares, which he notes are approaching their 52-week lows.
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