ACNB Corp. downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded ACNB Corp. (ACNB) to Market Perform from Outperform without a price target The firm’s more balanced near-term view on shares is based on the view that net interest margin and profitability have peaked near-term with core NIM contracting from rising funding costs off still-low levels, the analyst tells investors in a research note. Its slower organic growth footprint also leaves the potential for material upside to near-term balance sheet growth unlikely, the firm says.