Keefe, Bruyette & Woods Downgrades PacWest Bancorp (PACW) to Market Perform

Keefe, Bruyette & Woods analyst Christopher McGratty downgraded PacWest Bancorp (NASDAQ: PACW) from Outperform to Market Perform with a price target of $45.00 (from $50.00).

The analyst steps aside noting the equity is nearing a fair valuation while reminding clients the company remains highly profitable.

For an analyst ratings summary and ratings history on PacWest Bancorp click here. For more ratings news on PacWest Bancorp click here.

Shares of PacWest Bancorp closed at $41.22 yesterday.

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