Jefferies Maintains Hold Rating and $18 PT on MB Financial

A report from Jefferies reiterates its Hold rating and $18 price target on MB Financial MBFI. The report states, “MBFI reported 3Q11 GAAP EPS of $0.31 vs. consensus of $0.35. Reported earnings were relatively clean, with lighter-than-expected earnings generated by declining NII and expenses that remain elevated. On the bright side, credit continues to improve, with both nonaccruals and potential problem loans declining”. MBFI closed yesterday at $17.32.
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