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Deutsche Bank Raises PT on Associated Bank Corp, Sees Well Positioned Defensive Play

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Deutsche Bank has raised its price target from $14 to $15 on Associated Bank Corp (NASDAQ: ASBC), where it pointed to efficiency initiatives and declining BSA costs. The firm maintained a Buy rating.

In the report Deutsche Bank wrote, "We recently hosted several meetings with ASBC's CEO/CFO, and came away with greater confidence in ASBC's ability to capture a small bank deal over the next year, and were encouraged by management's focus on reducing the bank's efficiency ratio meaningfully to the low 60%s over the longer term."

Associated Bank Corp closed Monday at $14.86.

Latest Ratings for ASBC

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

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


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