JPMorgan initiated coverage of South State (SSB) with an Overweight rating and $115 price target The company has accelerated its growth through a strategy of acquisitions and market expansion, building density in high-growth metropolitan areas, the analyst tells investors in a research note. The firm believes SouthState is positioned to capitalize on industry consolidation with “superior” return on tangible equity.
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 SSB:
- Strategic Positioning and Growth Potential Drive Buy Rating for SouthState Corporation
- South State price target lowered to $125 from $128 at Barclays
- South State price target lowered to $120 from $125 at UBS
- Positive Growth Outlook for SouthState Corporation Despite NIM Challenges
- South State price target lowered to $110 from $115 at Stephens