RBC Capital lowered the firm’s price target on BOK Financial to $80 from $90 and keeps a Sector Perform rating on the shares. The company’s Q3 revenues and the margin were pressured by deposit trends, but while the management expects this to continue in the near term, driving a lower reset in RBC’s margin expectations, the firm sees other fundamentals for BOK as “consistent”, the analyst tells investors in a research note.
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Read More on BOKF:
- Wells Fargo downgrades BOK Financial to Equal Weight, lowers price target to $70
- BOK Financial downgraded to Equal Weight from Overweight at Wells Fargo
- BOK Financial reports Q3 EPS $2.04, consensus $2.09
- BOKF Earnings this Week: How Will it Perform?
- BOK Financial price target lowered to $90 from $95 at RBC Capital
