DA Davidson Downgrades Preferred Bank (PFBC) to Neutral

DA Davidson analyst Gary Tenner downgraded Preferred Bank (NASDAQ: PFBC) from Buy to Neutral with a price target of $52.00 (from $60.00).

• Steps aside citing rate uncertainty and NIM risks.

For an analyst ratings summary and ratings history on Preferred Bank click here. For more ratings news on Preferred Bank click here.

Shares of Preferred Bank closed at $46.93 yesterday.

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