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Fly News Breaks for January 10, 2020
Jan 10, 2020 | 07:49 EDT
As previously reported, DA Davidson analyst Russell Gunther assumed Peoples Bancorp with a Buy rating from a Neutral rating with a price target of $40, up from $35. He believes consensus forecasts underestimate Peoples' loan growth outlook and he sees upside potential to the company's 2020 margin guidance given its identified expense reductions, Gunther tells investors. He does not believe the stock warrants a discount given he sees Peoples having an above-peer return profile, Gunther added.
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