KBW Upgrades Boston Private Financial Holdings to Outperform (BPFH)

Analysts at Keefe, Bruyette and Woods released a research note earlier this morning on Boston Private Financial Holdings (NASDAQ: BPFH), upgrading the stock to Outperform and maintaining their $8.50 price target.

KBW cited the "sharp sell-off since 1Q10 earnings" as an "attractive entry point to return to an overweight position on Boston Private." They "remain constructive on recent capital and credit trends and believe recent TARP repayment and sooner than expected return to profitability are likely to serve as near term catalysts for the shares."