June 2, 2014 10:41 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Monday, D.A. Davidson & Co. analyst Gary P. Tenner upgraded the rating on
PacWest Bancorp (NASDAQ: PACW) from Neutral to Buy, and raised the price target from $45.00 to $47.00.In the report, D.A. Davidson & Co. noted, “With the CSE deal closing earlier this quarter and the systems conversion, branch consolidation completed shortly thereafter, we believe PACW is now open to consider additional acquisition opportunities in the Western U.S. that 1) take advantage of its strong currency, and 2) accelerate the turnover of approximately $4 billion in higher cost CSE deposits. Whereas the company has historically been more focused on in-market transactions with high-cost saving opportunities, management is now focused on larger ($2-$5 billion) banks with low loan-to-deposit ratios. That specificity of target translates into a near certainty that at least some future transactions occur away from PACW's legacy southern California market, with some out of state transactions likely over time.”PacWest Bancorp closed on Friday at $40.30.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.