Raymond James initiated coverage of Park National (PRK) with a Market Perform rating and no price target While the bank’s balance sheet has been stagnant for several years, Park is “currently clicking on all cylinders” and the firm expects it to leverage its strong currency in a transaction to overcome regulatory headwinds. However, the firm believes the positive attributes of Park’s business are accurately reflected in the stock’s premium valuation.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRK: