Keefe, Bruyette & Woods Downgrades Enterprise Financial Services (EFSC) to Market Perform; Sharp Rally Leaves Us Searching for the Next Catalyst

Keefe, Bruyette & Woods downgraded Enterprise Financial Services (NASDAQ: EFSC) from Outperform to Market Perform with a price target of $18.00.

KBW analyst says, "EFSC reported 3Q11 operating EPS of $0.47, which was well ahead of our estimate and consensus. Enterprise continues to execute on its growth story, however we believe the company may take a breather to digest its most recent acquisitions and re-build capital levels. Despite positive franchise momentum, we are moving to the sidelines and taking our rating to Market Perform."

For more ratings news on Enterprise Financial Services click here and for the rating history of Enterprise Financial Services click here.

Shares of Enterprise Financial Services closed at $16.24 yesterday.

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