WesBanco price target lowered to $23 from $24 at Stephens

Stephens analyst Russell Gunther lowered the firm’s price target on WesBanco to $23 from $24 and keeps an Equal Weight rating on the shares. While the company’s operating EPS missed consensus, its core PPNR beat Wall Street estimates due to stronger NII and fees, the analyst tells investors. However, expectations of further, modest NIM compression has reduced the firms PPNR expectations for FY23 and FY24.