Wedbush Starts BOK Financial (BOKF) at Neutral

October 7, 2016 6:47 AM EDT
Get Alerts BOKF Hot Sheet
Price: $71.65 +0.46%

Rating Summary:
    0 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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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."

For an analyst ratings summary and ratings history on BOK Financial click here. For more ratings news on BOK Financial click here.

Shares of BOK Financial closed at $70.48 yesterday.

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