Baird Cuts IBKC, BKYF, MBFI, CNFL, FFBC, WTFC, FMBI to Neutral, BOH to Underperform

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Baird's Bryce Rowe downgraded a number of stocks in the Regional Banking sector Monday morning. Except for Bank of Hawaii, which was downgraded from Neutral to Underperform, the analyst downgraded each stock from Outperform to Neutral.

• IBERIABANK (Nasdaq: IBKC) - price target cut from $62 to $50
  
• Bank of Kentucky Financial (Nasdaq: BKYF) - price target cut from $28 to $24
  
• MB Financial (Nasdaq: MBFI) - price target cut from $26 to $17
  
• Cardinal Financial (Nasdaq: CFNL) - price target cut from $13 to $10
  
• First Financial (Nasdaq: FFBC) - price target cut from $20 to $15
  
• Wintrust (Nasdaq: WTFC) - price target cut from $40 to $30
  
• First Midwest Bancorp (Nasdaq: FMBI) - price target cut from $15 to $9
  
• Bank of Hawaii (NYSE: BOH) - price target cut from $47 to $30

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