Seaport Research analyst Laurie Havener Hunsicker upgraded Washington Trust (WASH) to Buy from Neutral with a $36 price target The firm cites valuation for the upgrade following the recent drop in shares. Washington’s recently completed cap raise and balance sheet repositioning “safely secures” it dividend coverage, the analyst tells investors in a research note. Seaport points out the stock is now 13.4% below its recently completed spot raise of $34 per share.
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