Bank OZK price target lowered to $40 from $48 at Wells Fargo

Wells Fargo lowered the firm’s price target on Bank OZK (OZK) to $40 from $48 and keeps an Equal Weight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.