UPDATE: Stifel Nicolaus Downgrades Wintrust Financial to Hold on Valuation

Loading...
Loading...
Stifel Nicolaus reduced its rating on Wintrust Financial
WTFC
from Buy to Hold and suspended its previous price target of $39 a share. Stifel Nicolaus commented, "While we believe Wintrust remains better positioned for growth than most other banks we follow in the Midwest, we do have some concern that the rate of growth may be difficult to maintain. Some indicators suggest the economy has slowed. … [W]e see only incremental operating levers to pull (outside of the securitization run-off at 3Q) to push near-term profitability up significantly." Wintrust Financial closed at $37.41 on Friday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorDowngradesIntraday UpdateAnalyst RatingsStifel Nicolaus
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...