Jefferies Starts Fulton Financial (FULT) at Hold
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Price: $23.62 -0.13%
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Jefferies initiates coverage on Fulton Financial (NASDAQ: FULT) with a Hold rating and $12 price target.
The firm states, "FULT is emerging from the credit cycle with strong capital ratios and is wellpositioned to go on the offensive to boost earnings power. However, we see few opportunities to deploy excess capital given expectations for light M&A activity near-term and tepid loan demand."
For more ratings news on Fulton Financial click here and for the rating history of Fulton Financial click here.
Shares of Fulton Financial closed at $11.04 yesterday.
The firm states, "FULT is emerging from the credit cycle with strong capital ratios and is wellpositioned to go on the offensive to boost earnings power. However, we see few opportunities to deploy excess capital given expectations for light M&A activity near-term and tepid loan demand."
For more ratings news on Fulton Financial click here and for the rating history of Fulton Financial click here.
Shares of Fulton Financial closed at $11.04 yesterday.
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