Hancock Whitney downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Catherine Mealor downgraded Hancock Whitney (HWC) to Market Perform from Outperform with a price target of $63, up from $62, ahead of the Q2 report. The shares have outperformed year-to-date and most of the quarter’s optimism is now priced in, the analyst tells investors in a research note. Given Hancock’s slower revenue growth outlook in the second half of 2025 and 2026 relative to peers, Keefe believes a Market Perform rating is now appropriate.