Stephens analyst Russell Gunther lowered the firm’s price target on WesBanco to $23 from $24 and keeps an Equal Weight rating on the shares. While the company’s operating EPS missed consensus, its core PPNR beat Wall Street estimates due to stronger NII and fees, the analyst tells investors. However, expectations of further, modest NIM compression has reduced the firms PPNR expectations for FY23 and FY24.
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Read More on WSBC:
- WesBanco reports Q3 EPS 58c, consensus 59c
- WesBanco Announces Third Quarter 2023 Financial Results
- WesBanco (WSBC) Q3 Earnings Cheat Sheet
- WesBanco price target lowered to $28 from $30 at RBC Capital
- WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock
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