Jefferies Raises Numbers on Associated Banc-Corp (ASBC) Following CFO Meeting

Jefferies raised estimates and its price target on Buy-rated Associated Banc-Corp (NASDAQ: ASBC) from $16 to $17 following meetings with Associated CFO Chris Niles.

The meetings "reinforced our view that the company has levers to pull on earnings power, including stepped-up capital return plans, expense optimization, and continued reserve release," according to the analyst.

The firm raised Q1 EPS from $0.22 to $0.23, FY13 from $1.00 to $1.05 and FY14 from $1.10 to $1.15.

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 $15.13 yesterday.

---

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

---

You May Also Be Interested In

• Securitize Corp (SECZ) PT Lowered to $10 at Benchmark as Stock Plummets Post Q2 Earnings
• AppLovin Corp (APP) PT Lowered to $440 at Benchmark to Reflect Maturing Gaming Business
• BofA Securities Reiterates Buy Rating on Micron Technology (MU); Sees $230+ in EPS by FY30