WesBanco assumed with a Market Perform at Raymond James

Raymond James analyst Daniel Tamayo assumed coverage of WesBanco with a Market Perform rating and no price target. WesBanco has a history of generating strong profitability and credit metrics, and remains well-positioned for the next economic downturn, although profitability has been impacted by a decline in mortgage banking revenue, Tamayo tells investors in a research note. With shares already trading at a premium to peers, the analyst believes they are appropriately valued.