WesBanco ( (WSBC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
WesBanco’s stock is experiencing unusual movements due to concerns over integration risks following its acquisition of Premier Financial. Piper Sandler has initiated coverage with an Overweight rating, suggesting that these risks are already reflected in the stock’s current price and that the acquisition could eventually enhance earnings and align WesBanco’s valuation with its peers. On the other hand, Raymond James has lowered its price target for WesBanco, pointing to delays in finalizing the Premier deal as a reason, though it still maintains a Strong Buy rating.
More about WesBanco
YTD Price Performance: -3.48%
Average Trading Volume: 651,113
Technical Sentiment Signal: Sell
Current Market Cap: $2.93B
For further insights into WSBC stock on TipRanks’ Stock Analysis page.
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