Keefe Bruyette Starts Anchor Bancorp Wisconsin (ABCW) at Market Perform
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Keefe Bruyette & Woods initiates coverage on Anchor Bancorp Wisconsin Inc. (Nasdaq: ABCW) with a Market Perform rating and an $18 price target.
The firm believes current valuations reflect a discount proportionate to its concerns related to Anchor's credit and capital. Also, the firm said it would wait for these issues to subside before becoming a buyer.
Anchor Bancorp Wisconsin, Inc. operates as the holding company for AnchorBank, fsb that provides various financial services in Wisconsin, Iowa, Minnesota, and Illinois. [bcs]
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