Wells Fargo analyst Timur Braziler raised the firm’s price target on Associated Banc-Corp (ASB) to $26 from $24 and keeps an Equal Weight rating on the shares as part of a broader research note on mid-cap banks. The firm is adjusting its price targets on the sector, reflecting the current environment, also noting that its valuation methodology is now favoring earnings while moving away from tangible book value.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASB:
- Associated Banc-Corp Advances Growth and Market Position
- Associated Banc-Corp 12M share Spot Secondary priced at $25.00
- Associated Banc-Corp 11.5M share Spot Secondary; price range $24.85-$25.15
- Associated Banc-Corp announces offering of 11.5M shares of common stock
- Associated Banc-Corp decreases prime rate to 7.75% from 8%