Wunderlich Securities Initiates Coverage on Home BancShares (HOMB)
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Wunderlich Securities initiates coverage on Home BancShares, Inc. (Nasdaq: HOMB) with a Hold. Price target $21.
Wunderlich analyst says, "While we view Home Bancshares as a strong community bank, we believe that the company's solid long-term growth prospects are largely discounted in the current share price, hence our Hold rating. We would reassess our rating should we see improved visibility with respect to the timing of improvements in Home Bancshares' credit quality and the evolution of the current credit cycle, all else being equal."
Home BancShares, Inc. (HBI) is a bank holding company. The Company is primarily engaged in providing a range of banking services to individual and corporate customers through its five wholly owned community bank subsidiaries.
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