Jefferies Maintains Associated Banc-Corp PT Of $16 (ASBC)

In a research report published today, Jefferies maintains Associated Banc-Corp's

price target of $16 and its rating of Hold after Associated Banc-Corp released its Q4 2010 and FY 2010 earnings after Thursday's market close. In the report, Jefferies states, "Earnings in 4Q10 were a little weak on a core basis, as liquidity deployment generated somewhat disappointing NII growth and growth initiatves may generate higher-than expected expenses. We continue to like the turnaround story, but feel the shares are fairly valued at this time." Shares of Associated Banc-Corp are at $14.75 in pre-market trading, down 0.14% from Thursday's market close.