Keefe, Bruyette & Woods Upgrades Susquehanna Bancshares (SUSQ) to Outperform; Valuation & Improved Earnings Power

Article Stock Quotes (1) Comments (0)

Keefe, Bruyette & Woods upgraded Susquehanna Bancshares (NASDAQ: SUSQ) to Outperform. PT $10.

KBW analyst said, "We are upgrading the shares of SUSQ due to valuation and our increased confidence in the balance sheet ahead of 2Q11 earnings results. The shares trade at only 1.17x pro forma TBV & 8.1x our 2013 EPS estimate for a franchise that we expect to show loan growth, witness better credit metrics & benefit from the redeployment of Abington's excess capital with its acquisition of Tower."

For more ratings news on Susquehanna Bancshares click here and for the rating history of Susquehanna Bancshares click here.

Shares of Susquehanna Bancshares closed at $7.70 yesterday, with a 52 week range of $7.38-$10.43.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
• Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
• Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%

Create E-mail Alert Related Categories

Upgrades

Related Entities

Keefe, Bruyette & Woods, Susquehanna International Group of Companies, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?