Raymond James analyst Steve Moss lowered the firm’s price target on Atlantic Union Bankshares (AUB) to $40 from $43 and keeps a Strong Buy rating on the shares. The firm notes the company reported Q3 core results of 84c per share, 3c below its estimate and in line with consensus. Results were below Raymond’s estimate primarily due to lower than expected net interest income due to weaker than expected loan growth. The quarter was marked by weaker than expected loan growth, which hurt net interest income.
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