Stephens raised the firm’s price target on Customers Bancorp (CUBI) to $55 from $53 and keeps an Equal Weight rating on the shares after Q3 earnings came in ahead of expectations. However, the recent regulatory written agreement, elevated usage of brokered deposits and charge-off activity keep the firm on the sidelines from a rating perspective, the analyst tells investors.
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Read More on CUBI:
- Customers Bancorp price target lowered to $55 from $61 at Piper Sandler
- Customers Bancorp price target raised to $80 from $78 at B. Riley
- Customers Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
- Customers Bancorp Reports Solid Q3 2024 Results
- Customers Bancorp Reports Strong Q3 2024 Financial Results