UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Avenue Financial On Good Market Position

In a report published Monday, Keefe, Bruyette & Woods analyst Catherine Mealor initiated coverage on Avenue Financial Holdings, Inc. AVNU with a Market Perform rating and $13.50 price target. In the report, Keefe, Bruyette & Woods noted, "With its capital levels enhanced post its initial public offering (IPO), Avenue is well-positioned to continue to deliver exceptional growth and improved profitability, in our view, as the bank leverages its valuable brand and differentiated business model in the dynamic market of Nashville." Avenue Financial closed on Friday at $12.86.