Keefe Bruyette upgraded Live Oak Bancshares (LOB) to Outperform from Market Perform with a price target of $43, up from $37. The firm expects several positive catalysts to drive shares higher over the remainder of 2025. Shares have been punished since 3Q24 reporting due to investor concerns regarding the recent SBA credit cycle, but Keefe believes credit performance is set to turn around in 2H25, which should ease investor fears, the analyst tells investors in a research note.
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