TD Cowen analyst Janet Lee lowered the firm’s price target on Bank OZK (OZK) to $61 from $67 and keeps a Buy rating on the shares. The firm said while 2026 RESG repayments are larger than expected, they are encouraged by continued strength of the CIB as the company advances its diversification strategy, which the market is likely to reward with a higher multiple. Despite some credit migration, overall trends are holding up.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OZK:
- Bank OZK’s Earnings Call: Growth Amid Challenges
- Bank OZK: Hold Rating Amid Lower NII Guidance and Subdued Loan Growth Outlook
- Bank OZK price target lowered to $50 from $53 at Keefe Bruyette
- Bank OZK Reports Record Third-Quarter Earnings
- Deere upgraded, AST SpaceMobile downgraded: Wall Street’s top analyst calls