TD Cowen raised the firm’s price target on Eastern Bankshares (EBC) to $24 from $23 and keeps a Buy rating on the shares. The firm upodated its model as they posted a 4Q EPS beat on lower expenses in a noisy quarter following the HarborOne close. Notably, Eastern made its message clear that M&A remains off the table, with priorities centered on organic growth and capital return.
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Read More on EBC:
- Eastern Bankshares price target raised to $23 from $22 at Keefe Bruyette
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- Eastern Bankshares reports Q4 operating EPS 44c, consensus 41c
- EBC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Eastern Bankshares price target raised to $23 from $22 at TD Cowen