Raymond James analyst David Feaster downgraded Heritage Commerce (HTBK) to Market Perform from Outperform without a price target after the company announced an agreement to be acquired by CVB Financial (CVBF). The firm likes the deal and sees it as a logical fit for CVB and thinks the deal “checks all the boxes,” the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTBK:
- Heritage Commerce downgraded to Equal Weight from Overweight at Stephens
- Heritage Commerce streamlines board following director retirement
- CWAN, HTBK, OVID, MCFT, WHWK Trending With Analysts
- Heritage Commerce Announces Merger Agreement with CVB Financial
- Arcellx initiated, Cummins upgraded: Wall Street’s top analyst calls