Hancock Whitney price target raised to $57 from $49 at Truist

Truist analyst Brandon King raised the firm’s price target on Hancock Whitney to $57 from $49 but keeps a Hold rating on the shares. The company’s Q2 results were “solid” with better than expected pre-provision net revenue, or PPNR, and growth in net interest income, the analyst tells investors in a research note. A more aggressive stance on capital returns could be a positive catalyst in the event that loan growth remains subdued, Truist states, adding however that the management’s PPNR forecast is close to consensus and the stock’s relative valuation is “full”.