RBC Capital analyst Jon Arfstrom lowered the firm’s price target on Wintrust Financial to $95 from $108 but keeps an Outperform rating on the shares. Bank stocks have come under extreme volatility in recent days, but the firm’s view of the company remains "favorable" given its indication of healthy loan growth and credit trends, the analyst tells investors in a research note. While there may be some headwinds on funding costs from the current conditions, Wintrust is positioned to manage through these challenges and show resilient deposit trends, RBC added.
Published first on TheFly
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