DA Davidson analyst Gary Tenner lowered the firm’s price target on Hancock Whitney (HWC) to $62 from $69 and keeps a Buy rating on the shares. The company’s Q1 results reflect a resilient net interest income and net interest margin despite net loan run-off in the quarter, and while loan and net interest income expectations were reduced from prior guidance, the management anticipates a pivot to positive net growth in Q2, the analyst tells investors in a research note.
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Read More on HWC:
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