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Fly News Breaks for January 25, 2019
ASB
Jan 25, 2019 | 09:12 EDT
RBC Capital analyst Jon Arfstrom lowered his price target on Associated Banc-Corp to $24 and kept his Sector Perform rating, to reflect a change in the company's peers' group multiples. Arfstrom states however that its latest Q4 earnings beat marked another quarter of margin expansion, higher net interest income, strong credit, and solid expense control. The analyst also notes that the company's outlook for FY19 calls for continued disciplined expenses, solid credit, and further cost/income driven growth.
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