MidWestOne upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded MidWestOne (MOFG) to Outperform from Market Perform with a price target of $39, up from $34. The firm says progress on the bank’s strategic plan, a stronger balance sheet, and a profitability reset from the restructuring “provides a more visible pathway for sustainable and improving performance.” Keefe believes the stock’s risk/reward remains compelling.