UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Hancock Holding Company
In a report published Monday, Jefferies & Company reiterated its Hold rating on Hancock Holding Company (NASDAQ: HBHC), and slightly raised its price target from $31.00 to $32.00.
Jefferies noted, “While earnings were roughly in-line with expectations, underlying prospects for loan growth improved, pushing our estimates up a shade. However, it will be difficult for the company to generate significant earnings growth in the next couple of years as accretable yield from Whitney slows and incremental efficiency gains could be difficult in the face of new business initiatives.”
Hancock Holding Company closed on Friday at $31.25.
Latest Ratings for HBHC
|Sep 2016||SunTrust Robinson Humphrey||Downgrades||Buy||Neutral|
|Aug 2016||Morgan Stanley||Maintains||Equal-Weight|
|Jul 2016||Bank of America||Upgrades||Underperform||Neutral|
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