Raymond James downgrades Old Second Bancorp to 'outperform'

Old Second Bancorp

17/09/2024 18:17

** Brokerage Raymond James downgrades Old Second Bancorp
 OSBC.O  to "outperform" from "strong buy"
    ** Bank's net interest margin (NIM) likely to experience
pressure from the rate cuts - Raymond James
    ** Brokerage cuts PT to $18 from $19
    ** All six analysts rate the stock "buy" or higher; their
median PT is $19.5 - LSEG data
    ** Including session moves, stock up nearly 8.3% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))