UBS Maintains a 'Neutral' on Associated Banc-Corp (ASBC); Raising Target on Loan Growth Prospects

UBS maintains a 'Neutral' on Associated Banc-Corp (NASDAQ: ASBC) price target raised from $11 to $13.

UBS analyst says, "ASBC reported 4Q11 EPS of $0.23, which was in-line with both our estimate and consensus. Operating EPS totalled $0.22 as nonrecurring gains and losses largely offset. Due to improved prospects to deploy liquidity into loans, we are raising our ‘12E ($0.92 to $0.94) and ‘13E ($0.98 to $1.00) along with our price target."

For an analyst ratings summary and ratings history on Associated Banc-Corp click here. For more ratings news on Associated Banc-Corp click here.

Shares of Associated Banc-Corp closed at $12.44 yesterday.

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