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UPDATE: Credit Suisse Initiates Associated Banc-Corp at Neutral

Related ASBC
Associated Banc-Corp Announces New Ticker Symbol for its Depository Shares From from 'ABW PR B' to 'ASB PR B' on December 23, 2014
Top 4 Mid-Cap Stocks In The Regional-Midwest Banks Industry With The Highest Operating Margin

Credit Suisse initiated coverage on Associated Banc-Corp (NASDAQ: ASBC) with a Neutral rating and a $13 price target.

Credit Suisse commented, "We are initiating coverage of Associated Banc-Corp with a Neutral rating based on our view that the turnaround story has been partly discounted and earnings improvement will be limited by margin pressure, lack of credit leverage, and ongoing reinvestment needs. The key will be the timing and magnitude of earnings accretion from leveraging excess capital."

Associated Banc-Corp closed at $12.61 on Monday.

Latest Ratings for ASBC

Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014Deutsche BankMaintainsHold
Oct 2014DA DavidsonMaintainsNeutral

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Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings


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