PRK - Park National: Likely To Outperform Expectations
- Park National has been focusing on operations in fast-growing environments in Ohio and southern states, pushing loan and deposit growth higher each year.
- As a result of comparative pressures and lower interest rate expectations, analysts have projected a declining sales and stagnant earnings environment for the next 24 months.
- However, given their strong financial position and expansion prospects, I believe they are underestimating the company's 24 to 36 month potential.
- I remain bullish on the company's 24 to 36 month prospects and maintain my $155.00 per share price target.
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Park National: Likely To Outperform Expectations