Deutsche Bank Raises PT on Associated Bank Corp, Sees Well Positioned Defensive Play
Deutsche Bank has raised its price target from $14 to $15 on Associated Bank Corp (NASDAQ: ASBC), where it pointed to efficiency initiatives and declining BSA costs. The firm maintained a Buy rating.
In the report Deutsche Bank wrote, "We recently hosted several meetings with ASBC's CEO/CFO, and came away with greater confidence in ASBC's ability to capture a small bank deal over the next year, and were encouraged by management's focus on reducing the bank's efficiency ratio meaningfully to the low 60%s over the longer term."
Associated Bank Corp closed Monday at $14.86.
Latest Ratings for ASBC
|Oct 2014||Keefe Bruyette & Woods||Maintains||Market Perform|
|Oct 2014||Deutsche Bank||Maintains||Hold|
|Oct 2014||DA Davidson||Maintains||Neutral|
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