RBC Capital analyst Jon Arfstrom lowered the firm’s price target on Wintrust Financial (WTFC) to $135 from $152 and keeps an Outperform rating on the shares after its Q1 earnings. The company’s results continue to be strong and driven by above peer loan growth, margin expansion, stable fee income, and tight expense control, while its credit conditions remains stable and manageable, the analyst tells investors in a research note. Wintrust’s outlook also suggests stronger loan growth in Q2, with a continued stable margin, RBC added.
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