Raymond James analyst David Feaster lowered the firm’s price target on TriCo Bancshares to $45 from $53 and keeps an Outperform rating on the shares. The firm continues to view the risk/reward favorably given the bank’s defensive posture, which include its enviable low-cost core deposit franchise, strong historical asset quality, robust capital levels, and elevated loss absorbing capacity, the analyst tells investors in a research note.
Published first on TheFly
