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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