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UPDATE: Jefferies Raises PT on MB Financial Following Taylor Capital Acquisition Announcement


In a report published Tuesday, Jefferies analyst Emlen Harmon reiterated a Hold rating on MB Financial (NASDAQ: MBFI), and raised the price target from $25.00 to $29.00.

In the report, Jefferies noted, “In conjunction with quarterly earnings, MBFI announced the acquisition of Taylor Capital, which should increase assets by over 50%. We view the acquisition as a solid strategic fit, making MBFI the largest independent Chicago bank in Cook County and providing several sources of earnings diversity. Our price target goes to $29 (from $25), boosted by EPS accretion and improved franchise value.”

MB Financial closed on Monday at $27.21.

Latest Ratings for MBFI

Jan 2018DA DavidsonDowngradesBuyNeutral
Jul 2017PiperJaffrayDowngradesOverweightNeutral
Jun 2017WedbushInitiates Coverage OnNeutral

View More Analyst Ratings for MBFI
View the Latest Analyst Ratings


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