Janney Montgomery Scott analyst Christopher Marinac downgraded Premier Financial (PFC) to Neutral from Buy with a $25.25 fair value estimate after the company announced its sale to WesBanco (WSBC) for a 0.80 share exchange ratio. The analyst cites the pending merger for the downgrade.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFC: