Simmons First National initiated with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Brian Wilczynski initiated coverage of Simmons First National (SFNC) with an Equal Weight rating and $22 price target The firm is positive on the company’s profitability, efficiency, and organic growth outlook but finds the stock’s risk/reward as balanced at current levels. It sees more compelling opportunities elsewhere over the next 12-18 months in the banking space.