Market Overview

UPDATE: Credit Suisse Initiates Associated Banc-Corp at Neutral

Related ASBC
UPDATE: Morgan Stanley Reiterates On Associated Banc-Corp As Lower Provision Offsets Remediation Reserve Build
Mercantile Bank (MBWM) in Focus: Stock Tanks 10.7% - Tale of the Tape

Credit Suisse initiated coverage on Associated Banc-Corp (NASDAQ: ASBC) with a Neutral rating and a $13 price target.

Credit Suisse commented, "We are initiating coverage of Associated Banc-Corp with a Neutral rating based on our view that the turnaround story has been partly discounted and earnings improvement will be limited by margin pressure, lack of credit leverage, and ongoing reinvestment needs. The key will be the timing and magnitude of earnings accretion from leveraging excess capital."

Associated Banc-Corp closed at $12.61 on Monday.

Latest Ratings for ASBC

DateFirmActionFromTo
Oct 2014DA DavidsonMaintainsNeutral
Oct 2014Deutsche BankMaintainsHold
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for ASBC
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (ASBC)

Around the Web, We're Loving...

Get Benzinga's Newsletters