Raymond James lowered the firm’s price target on South State (SSB) to $110 from $115 and keeps a Strong Buy rating on the shares. South State’s Q1 results exceeded consensus estimates on both a core EPS and pre-provision net revenue basis, with net interest margin and EPS aided by accelerated accretion from early loan payoffs, the analyst tells investors in a research note.
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Read More on SSB:
- South State price target lowered to $115 from $125 at DA Davidson
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