Market Overview

UPDATE: Credit Suisse Initiates Associated Banc-Corp at Neutral

Related ASBC
Wintrust to Acquire Branch of THE National Bank - Analyst Blog
U.S. Banks Stock Outlook - Apr 2014 - Industry Outlook

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.

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


Most Popular

Related Articles (ASBC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free