UPDATE: Jefferies Reiterates Hold Rating, Raises PT on BancorpSouth Following Gulf South Bank Conference

In a report published Tuesday, Jefferies analyst Emlen Harmon reiterated a Hold rating on BancorpSouth BXS, and slightly raised the price target from $15.00 to $16.00. In the report, Harmon noted, “We recently attended the Gulf South Bank Conference, at which 21 banks located in states surrounding the Gulf of Mexico presented. Economic strength on the Gulf, solid loan growth, and a less aggressive tenor on acquisitions were frequent topics over the course of the conference. Please note, individual company detail is included on subsequent pages of this report.” BancorpSouth closed on Monday at $17.69.