Stephens raised the firm’s price target on WesBanco (WSBC) to $34 from $27 and keeps an Equal Weight rating on the shares. Based on the bank’s Q2 results and laying in the pending deal for Ohio-based Premier Financial (PFC) alongside an assumed full quarter Q1 close, the firm lowered its FY24 operating EPS forecast to $2.05 from $2.15 and raised its FY25 operating EPS view to $2.85 from $2.45, the analyst tells investors.
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Read More on WSBC:
- Premier Financial downgraded on takeover at Janney Montgomery Scott
- WesBanco price target raised to $35 from $32 at RBC Capital
- WesBanco price target raised to $42 from $35 at DA Davidson
- WesBanco Announces Merger and Private Placement Deal
- Premier Financial to merge into WesBanco in stock-for-stock transaction