Jefferies Starts Susquehanna Bancshares (SUSQ) at Hold
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Price: $14.20 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Susquehanna Bancshares (NASDAQ: SUSQ) with a Hold rating and $10 price target.
The firm states, "We see upside at 1.1x tangible book (vs. 1.6x peer average), but a lack of positive catalysts and a number of pre-tax pre-provision headwinds near-term temper our enthusiasm for attractive valuation metrics."
For more ratings news on Susquehanna Bancshares click here and for the rating history of Susquehanna Bancshares click here.
Shares of Susquehanna Bancshares closed at $8.49 yesterday.
The firm states, "We see upside at 1.1x tangible book (vs. 1.6x peer average), but a lack of positive catalysts and a number of pre-tax pre-provision headwinds near-term temper our enthusiasm for attractive valuation metrics."
For more ratings news on Susquehanna Bancshares click here and for the rating history of Susquehanna Bancshares click here.
Shares of Susquehanna Bancshares closed at $8.49 yesterday.
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