Keefe, Bruyette & Woods Upgrades PrivateBancorp, Inc. (PVTB) to Outperform; Tough to Ignore the Upside Potential

Keefe, Bruyette & Woods upgraded PrivateBancorp, Inc. (NASDAQ: PVTB) to Outperform. PT increased to $18.

KBW analyst says, "PVTB reported better than expected 1Q11 results as the margin surprised to the upside and credit trends were generally favorable. On the heels of improved earnings visibility, increased confidence in the credit situation, and an inexpensive play on higher rates we are raising our 2013E, our price target to $18, and our rating."

For more ratings news on PrivateBancorp, Inc. click here and for the rating history of PrivateBancorp, Inc. click here.

Shares of PrivateBancorp, Inc. closed at $14.76 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Midday movers: Travelers, JB Hunt fall; United Airlines rises
• KeyBanc analyst comments on Prologis (PLD) following its earnings report
• Wells Fargo Reiterates Equal Weight Rating on OneMain (OMF)