Mixed Analyst Opinions: Price Target Hikes, Downgrades, And EPS Estimates For Hancock Whitney
Portfolio Pulse from Lekha Gupta
Hancock Whitney Corp (HWC) received mixed analyst opinions following its Q2 results. Truist Securities and Stephens & Co. raised the price target to $47, while Raymond James increased it to $46. However, Truist and Stephens lowered the EPS estimates for 2023 and 2024, citing expected lower revenue and higher expenses. Piper Sandler reduced the price target to $46 and downgraded the rating to Neutral.
July 19, 2023 | 6:11 pm
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Hancock Whitney Corp (HWC) received mixed analyst opinions after Q2 results. While the price target was raised by some analysts, EPS estimates for 2023 and 2024 were lowered due to expected lower revenue and higher expenses.
The mixed analyst opinions, with both price target increases and EPS estimate reductions, suggest uncertainty about the company's future performance. This could lead to volatility in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100