UPDATE: Credit Suisse Initiates Hancock Holding Company at Neutral; Estimates Too High
Credit Suisse initiated coverage on Hancock Holding Company (NASDAQ: HBHC) with a Neutral rating and a $32 price target.
Credit Suisse noted, "We are initiating coverage of Hancock Holding Company with a Neutral rating and a $32 target price. We believe the recent underperformance tied to loan growth and cost savings has begun to reverse course, as both are realized in 2H12, but consensus estimates may be too high. Nonetheless, we expect accretable yield on acquired loans to support the margin and add to capital through 2016."
Hancock Holding Company closed at $30.96 on Monday.
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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