QCR Holdings: Gains as brokerage raises PT on growth outlook

QCR Holdings

04/12/2020 17:24

** Shares of QCR Holdings Inc  QCRH.O  up as much as 2% at
$37.05 - fourth straight session of gains
    ** Brokerage Raymond James raises PT to $44 from $38,
implying upside of ~21% from last close
    ** Brokerage says QCRH well-positioned to produce solid
operational results through the cycle due to its attractive
business mix and neutral balance sheet
    ** "As we enter the post-pandemic world, we expect QCR to
produce outsized growth driven by continued market share gains"
- Raymond James
    ** Brokerage adds bank is well-positioned to take advantage
of M&A opportunities coming out of recession 
    ** Avg. rating of 6 analysts on stock is "buy" and median PT
is $42 - Refinitiv data
    ** Up to Thursday's close, stock had fallen ~16% YTD

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))