HomeStreet jumps after Janney Montgomery Scott upgrades to 'buy'

Mechanics Bancorp

20/06/2024 17:46

** Shares of Seattle-based regional bank HomeStreet  HMST.O 
jump as much as 6.3%, last up 5.5% at $11.08
    ** Janney Montgomery Scott upgrades HMST to "buy" rating
from "neutral" - LSEG
    ** HMST announced on Tuesday the approval of merger with
Denver-based FirstSun Capital Bancorp  FSUN.PK  
    ** One of four brokerages rate the stock "buy" and three
"hold"; their median PT is $13.50
    ** As of last close, HMST shares were up 1.9% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))