Jefferies upgraded BOK Financial (BOKF) to Buy from Hold with a price target of $135, up from $120. The firm expects the bank’s non-interest-bearing deposit mix to improve and sees above-average loan growth. Nearly half of BOK’s loans are tied to the “strong-performing” Texas and Oklahoma markets, the analyst tells investors in a research note. Jefferies also believes the bank’s “strong” capital position supports buybacks and organic growth.
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