Brean Capital starts Ames National with a Neutral after advance

As previously reported, Brean Capital initiated coverage of Ames National Corp (ATLO) with a Neutral rating and $31 price target Shares have risen sharply over the last twelve months in conjunction with improved operating performance, notes the analyst, who sees opportunity for shares to re-rate higher as balance sheet efficiency improves. Capital deployment is a potential catalyst for the shares, the analyst added.