Keefe Bruyette initiated coverage of Eagle Financial (EFSI) with an Outperform rating and $40 price target which represents a potential total return of 27% over the next year. With February’s equity raise now complete, Eagle is focused on enhancing profitability, the analyst tells investors in a research note. The firm says the company’s earnings should benefit in the near term from the balance sheet repositioning, while longer-term improvement will be supported by steady fixed loan repricing and an improving loan growth outlook.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EFSI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue