Hancock Whitney falls after Stephens cuts target price

ReutersApr 16, 2025 12:24 PM

American bank holding company Hancock Whitney Corporation's shares HWC.O fall 1.6% to $47.91 premarket

Stephens cuts HWC target price to $69 from $73 citing decreased loan balances and co's lowered loan growth guidance, maintains 'overweight'

Brokerage now expects loan growth of 2% in 2025 from prior estimate of 4%

HWC on Tuesday lowered loans guidance to be up low single digits from year ago levels, from prior outlook of up mid-single digits

As of last close, stock had fallen 11.02% YTD

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