Wedbush Starts BOK Financial (BOKF) at Neutral
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Wedbush initiates coverage on BOK Financial (NASDAQ: BOKF) with a Neutral rating and a price target of $68.00.
Analyst Peter Winter commented, "BOK Financial is a steady grower with an EPS CAGR of 7% over the past 15 years, and we believe the company is well positioned to continue this steady growth despite its large energy exposure, which represents 17% of total loans. We believe the worst is behind the company in terms of negative credit migration in its energy book and this should lead to significant improvement in the provision expense."
Shares of BOK Financial closed at $70.48 yesterday.
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