Keefe Bruyette analyst Kelly Motta raised the firm’s price target on Customers Bancorp (CUBI) to $76 from $71 and keeps a Market Perform rating on the shares. Keefe likes the simplified capital structure and CET1 that is now above peer-levels, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUBI:
- Customers Bancorp 2.19M share Spot Secondary priced at $68.50
- Customers Bancorp announces $150M voting common stock offering
- Customers Bancorp files automatic mixed securities shelf
- Positive Outlook and Increased Price Target for Customers Bancorp Amid Strong Q2 Results and Strategic Growth Initiatives
- Customers Bancorp price target raised to $62 from $55 at Stephens
