Associated Banc-Corp price target lowered to $27 from $28 at Raymond James

Raymond James analyst Daniel Tamayo lowered the firm’s price target on Associated Banc-Corp (ASB) to $27 from $28 and keeps an Outperform rating on the shares. Associated Banc-Corp’s Q1 results were favorable, with net interest margin jumping following the recent restructuring, favorable credit trends, and originations from its recently-completed hirings fueled solid loan growth, while the reiterated 2025 guidance leaves the fundamental outlook mostly stable, the analyst tells investors in a research note.