Analyst Expectations For Associated Banc's Future
Portfolio Pulse from Benzinga Insights
Analyst opinions on Associated Banc (NYSE:ASB) show a diverse range from bullish to bearish, with a recent shift towards a more positive outlook. Over the past quarter, 6 analysts have provided ratings, with the majority being indifferent. However, recent updates show a positive trend in price targets, with an average 12-month target of $23.17, reflecting a 10.33% increase from the previous $21.00. This change is supported by specific analysts from firms like Stephens & Co., Barclays, Wells Fargo, RBC Capital, and Raymond James adjusting their price targets upwards. Associated Banc's financials indicate challenges in revenue growth, profitability, and asset utilization, with significant declines in revenue and net margin, and below-average ROE and ROA.
April 26, 2024 | 4:00 pm
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POSITIVE IMPACT
Associated Banc's stock may see short-term positive movement due to upgraded analyst price targets and a more optimistic outlook despite facing financial challenges.
The shift in analyst sentiment, particularly the increase in the average price target to $23.17 from $21.00, suggests a more positive outlook for Associated Banc. This optimism, reflected in the actions of analysts from reputable firms, could influence investor sentiment and drive short-term price movement. However, the underlying financial challenges highlighted, such as significant revenue decline and below-average profitability metrics, temper the potential impact, suggesting a cautious optimism.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100