WesBanco upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded WesBanco (WSBC) to Outperform from Market Perform with a price target of $44, up from $40. The firm says a potential earlier merger close, less tangible book value dilution, and higher pro forma net interest margin outlook with the proposed Premier Financial (PFC) acquisition are catalysts for the shares. WesBanco is trading at a “relatively inexpensive” valuation, which remains an attractive entry point, the analyst tells investors in a research note.