Jefferies Starts Sterling Bancorp (STL) at Buy
Get Alerts STL Hot Sheet
Price: $26.29 --0%
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Jefferies initiates coverage on Sterling Bancorp (NYSE: STL) with a Buy rating and a price target of $14.00.
Analyst Casey Haire said post-merger the company is poised to demonstrate strong operating leverage regardless of interest rates. Shares should be trading at a premium to peers versus in-line currently.
For an analyst ratings summary and ratings history on Sterling Bancorp click here. For more ratings news on Sterling Bancorp click here.
Shares of Sterling Bancorp closed at $12.11 yesterday.
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