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Downgrade Alert for BOK Financial (BOKF)

By Shiri Gupta

BOK Financial (NASDAQ:BOKF) was downgraded from Market Perform to Underperform at Wells Fargo today. The stock closed yesterday at $59.74 on volume of 321,000 shares, below average daily volume of 389,000.

Over the past year, BOK Financial has traded in a range of $44.13 to $75.18 and closed yesterday at $59.74, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.7%.

Potential upside of 17.6% exists for BOK Financial, based on a current level of $59.74 and analysts' average consensus price target of $70.28. BOK Financial shares should encounter resistance at the 200-day moving average (MA) of $60.28 and support at the 50-day MA of $55.37.

BOK Financial Corporation is a multi-bank holding company. The Banks provide a range of deposit products, loans, and other financial services to businesses and consumers through offices and the Internet. BOK also offers trust services, electronic funds transfer services, online insurance, and other online services.

SmarTrend is monitoring the recent change of momentum in BOK Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BOK Financial in search of a potential trend change.

Keywords: analyst upgrades/downgrades bok financial

Ticker(s): BOKF