Seaport Research analyst Laurie Havener Hunsicker upgraded Berkshire Hills Bancorp (BHLB) to Buy from Neutral with a $39 price target following the announced the acquisition of Brookline Bancorp (BRKL). The firm says the combined franchise remains well positioned on credit and has a New England franchise “that can’t be replicated.” It cites earnings accretion from the deal for the upgrade.
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Read More on BHLB:
- Berkshire Hills Bancorp upgraded to Overweight from Neutral at Piper Sandler
- Berkshire Hills Bancorp upgraded at Piper Sandler after Brookline merger news
- Berkshire Hills and Brookline Bancorp Announce Merger Plan
- Brookline to merge with Berkshire in all-stock transaction valued at $1.1B
- Berkshire Hills Bancorp management to meet with Seaport Research