Jefferies analyst Ken Usdin raised the firm’s price target on Wintrust Financial to $120 from $114 and keeps a Buy rating on the shares. In a Q1 preview for the U.S. banks group, the firm made “modest” estimate revisions, based mostly on a move to expecting six Fed cuts from eight through 2025, softer loan growth, and better capital markets fees. The firm now forecasts three Fed cuts of 25 basis points each in 2024 and three cuts in 2025, the analyst tells investors.
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- Wintrust Financial price target raised to $115 from $114 at Citi
- Wintrust Financial price target raised to $114 from $112 at Citi
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