Pathward upgraded to Outperform from Market Perform at Keefe Bruyette (earlier)

Keefe Bruyette analyst Tim Switzer earlier today upgraded Pathward Financial (CASH) to Outperform from Market Perform with a price target of $100, up from $88. The stock in morning trading is up 6% to $84.91. Pathward’s share underperformance since May has created an “attractive opportunity” to own a company that is among the best positioned in the banking-as-a-service space, the analyst tells investors in a research note. Keefe believes Pathward’s credit performance should stabilize in 2026 absent a recession.