Stephens downgrades regional banks amid anticipation of Fed rate cut - Business First Bancshares, Inc. (NASDAQ:BFST)

Stephens analyst Terry McEvoy downgrades banks, assuming a 25 bps reduction in the Fed funds rate in July, September and December 2019 and none in 2020.

Business First Bancshares (BFST ) downgraded to equal weight from overweight and sets PT of $27.

First Busey (BUSE ) downgraded to equal weight from overweight and sets PT of $29.

Cadence Bancorp (CADE ) downgraded to equal weight from overweight and sets PT of $23.

Hancock Whitney (HWC ) downgraded to equal weight from overweight and sets PT of $42.

First Bancshares (FBMS ) downgraded to equal weight from overweight and sets PT of $34.

Pinnacle Financial Partners (PNFP ) cuts it rating to equal weight from overweight and sets PT of $62.

Triumph Bancorp (TBK ) cuts it rating to equal weight from overweight and sets PT of $30.

TriCo Bancshares (TCBK ) cuts it rating to equal weight from overweight and sets PT of $30.

Source: Seekingalpha.com

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