Skip to main content

Market Overview

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

Share:

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

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

View More Analyst Ratings for MBFI
View the Latest Analyst Ratings

 

Related Articles (MBFI)

View Comments and Join the Discussion!

Posted-In: Emlen Harmon JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
ENTGUBSInitiates Coverage On120.0
RBAOTR GlobalDowngrades
TTDVertical ResearchUpgrades
ZGBTIGMaintains202.0
DCredit SuisseMaintains90.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com