Washington Trust cut to Underweight at Piper even after Q2 earnings beat

7 hours ago 1
Old Fashioned Bank Sign

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Piper Sandler downgraded Washington Trust Bancorp (NASDAQ:WASH) shares to Neutral from Underweight even after the regional lender posted Q2 earnings and revenue that topped consensus estimates.

Analyst Mark Fitzgibbon pointed to an unattractive valuation, with WASH trading at a premium to

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