DA Davidson Upgrades West Coast Bancorp (WCBO) to Buy
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Price: $24.28 --0%
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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An analyst at DA Davidson upgraded shares of West Coast Bancorp (NASDAQ: WCBO) from Neutral to Buy Monday morning. The analyst boosted the stock's price target from $18.75 to $20.
The firm believes quarterly fundamentals were "healthy despite an EPS miss..." DA Davidson sees a recovery in deferred tax assets "on the horizon," potentially adding as much as 90 cents per share.
DA Davidson's FY11 EPS move from $1.15 to $1.05 and its FY12 estimate moves from $1.35 to $1.75.
For more ratings news on West Coast Bancorp click here and for the rating history of West Coast Bancorp click here.
The firm believes quarterly fundamentals were "healthy despite an EPS miss..." DA Davidson sees a recovery in deferred tax assets "on the horizon," potentially adding as much as 90 cents per share.
DA Davidson's FY11 EPS move from $1.15 to $1.05 and its FY12 estimate moves from $1.35 to $1.75.
For more ratings news on West Coast Bancorp click here and for the rating history of West Coast Bancorp click here.
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