UPDATE: Deutsche Bank Raises PT to $18 on Prosperity Bancshares

Deutsche Bank raises its price target on Hold-rated Prosperity Bancshares

ti $46, up $2, as the company continues to be one of the strongest acquirers, with deal activity contributing to EPS growth. Deutsche Bank notes, "The ASFC deal provides PB with stronger positioning for taking share in its new Western TX markets, and provides a larger platform into which it can fold smaller deals in the region. While we continue to expect some upside in the shares in 2012, we await a better entry point, but could become more constructive on a pullback or were macro concerns to materially increase (given PB's perceived safety stock status)." PB closed at $42.72 a share yesterday.