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UPDATE: Wunderlich Securities Downgrades PacWest Bancorp to Hold

According to Wunderlich Securities, PacWest Bancorp (NASDAQ: PACW) is downgraded to Hold.

Wunderlich Securities said that it is downgrading shares of PacWest Bancorp (PACW) to Hold from Buy as the shares have achieved our $23 price target. “However, we believe such progress is largely discounted in the current share price, and the lack of a near-term catalyst to drive the shares meaningfully higher moves us to the sidelines at this point.”

PacWest Bancorp closed yesterday at $22.95.

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Analyst Ratings

 

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