Deutcshe Bank Raises PT on Associated Bank Corp, Sees Well Positioned Defensive Play

Deutcshe Bank has raised its price target from $14 to $15 on Associated Bank Corp

, where it pointed to efficiency initiatives and declining BSA costs. The firm maintained a Buy rating. In the report Deutcshe 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.