UPDATE: D.A. Davidson Raises PT on Prosperity Bancshares Following FVNB Corp. Merger Agreement
July 02, 2013 at 10:39 AM EDT
In a report published Tuesday, D.A. Davidson analyst Gary P. Tenner reiterated a Neutral rating on Prosperity Bancshares (NYSE: PB ), and raised the price target from $50.00 to $60.00. In the report, D.A. Davidson noted, “Prosperity Bancshares Inc. signed a definitive merger agreement with FVNB Corp. and its wholly