Analyst Ratings For Associated Banc
Portfolio Pulse from Benzinga Insights
Analyst ratings for Associated Banc (NYSE:ASB) have shown a mix of opinions, with recent updates indicating a positive shift in sentiment. The average 12-month price target has been raised to $23.25, reflecting an 8.14% increase from the previous target. Analysts from Barclays, Raymond James, Piper Sandler, and RBC Capital have adjusted their ratings and price targets, suggesting a cautiously optimistic outlook. Despite this, Associated Banc faces financial challenges, including a significant revenue decline and below-average profitability metrics.
March 08, 2024 | 1:00 pm
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Associated Banc's analyst ratings have been updated, showing a cautiously optimistic outlook with an average 12-month price target raised to $23.25. Despite facing significant financial challenges, including a notable revenue decline and below-average profitability metrics, the sentiment among analysts is improving.
The increase in the average price target to $23.25, along with adjustments in ratings by analysts from Barclays, Raymond James, Piper Sandler, and RBC Capital, indicates a positive shift in sentiment towards Associated Banc. This optimism is tempered by the company's financial challenges, including a significant revenue decline and below-average profitability metrics. The positive adjustments in analyst ratings and price targets suggest a potential short-term positive impact on ASB's stock price, despite the underlying financial challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100