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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Hancock Holding Company

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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

DateFirmActionFromTo
Sep 2016SunTrust Robinson HumphreyDowngradesBuyNeutral
Aug 2016Morgan StanleyMaintainsEqual-Weight
Jul 2016Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for HBHC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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