tiprankstipranks
The Fly

Berkshire Hills Bancorp price target lowered to $31 from $32 at RBC Capital

Berkshire Hills Bancorp price target lowered to $31 from $32 at RBC Capital

RBC Capital lowered the firm’s price target on Berkshire Hills Bancorp (BHLB) to $31 from $32 and keeps a Sector Perform rating on the shares. The company’s merger with Brookline Bancorp (BRKL) should meaningfully increase its scale across the Northeast, while the potential synergies between the two companies should help drive long-term improvement in efficiency and profitability, the analyst tells investors in a research note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com