Bank OZK upgraded to Overweight from Equal Weight at Stephens

Stephens upgraded Bank OZK (OZK) to Overweight from Equal Weight with a price target of $65, up from $58. The firm, which expects stable credit trends at the bank to re-rate the stock higher, believe this re-rating would be accelerated should interest rates move lower. The firm believes the ongoing loan remix strategy is accelerating and should support a higher multiple, the analyst tells investors.