Smaller banks a target of sell-side moves

|By:, SA News Editor

Guggenheim cashes in its chips on a trio of Buy calls, downgrading Washington Trust Bancorp (WASH -2.1%), Investors Bancorp (ISBC -1.7%), and S&T Bancorp (STBA -2.8%) to Neutral. The team also finds a name to upgrade, boosting Comerica (CMA -0.5%) to a Buy, noting the lender's exposure to Texas and California.

Sandler O'Neill chimes in with a couple of upgrades, lifting SVB Financial (SIVB) and Square 1 Financial (SQBK +0.5%) each to Buy. Peapack-Gladstone Financial (PGC -0.5%) is started with a Buy.