BUZZ-<a href="https://laohu8.com/S/PB">Prosperity Bancshares</a> falls after Citi downgrades to 'neutral'** Shares of regional lender Prosperity Bancshares PB.N down 1.53% at $66.80 premarket
** Citi downgrades PB to "neutral" from "buy" and cuts price target to $68 from $78
** Citi says it has long viewed PB as one of the best “bolt-on” buyers in the small- and mid-cap stocks segment, but deal pricing in the current market is likely moving beyond the scope of what the bank is willing to pay
** That could keep PB away from deals large enough to support a valuation rerating, Citi says
** Nine of the 14 analysts rate the stock buy or higher and five "hold"; median PT is $81 - data compiled by LSEG
** As of last close, shares down 9.96% YTD
(Reporting by Anuj T in Bengaluru)
((Anuj.T@thomsonreuters.com))
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