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Prosperity Bancshares upgraded to Buy from Neutral at Janney Montgomery Scott
The Fly

Prosperity Bancshares upgraded to Buy from Neutral at Janney Montgomery Scott

Janney Montgomery Scott upgraded Prosperity Bancshares to Buy from Neutral with a $76 fair value estimate. The stock is down 15% since late January, which creates an attractive entry point for long-term investors, the analyst tells investors in a research note. The firm says Prosperity has a "solid fundamental track record," with the ability to grow organically and through strategic acquisitions.

Published first on TheFly

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