Associated Banc-Corp (ASB) Receives Price Target

Associated Banc-Corp (ASB) : The most positive equity analysts on Associated Banc-Corp (ASB) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $16 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $18.83 with an expected fluctuation of $1.66 from the mean.

Associated Banc-Corp (ASB) : Zacks Investment Research ranks Associated Banc-Corp (ASB) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.9, which indicates as a Hold.


Also, Barclays maintains its rating on Associated Banc-Corp (NYSE:ASB). The global brokerage major raises the current price target from $19 per share to $20 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 16, 2016.

Associated Banc-Corp (NYSE:ASB): The stock opened at $19.90 on Thursday but the bulls could not build on the opening and the stock topped out at $20.00 for the day. The stock traded down to $19.51 during the day, due to lack of any buying support eventually closed down at $19.68 with a loss of -0.81% for the day. The stock had closed at $19.84 on the previous day. The total traded volume was 719,038 shares.

Associated Banc-Corp (Associated) is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (Associated Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers, including businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer, and Business segment serves individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management, Credit Administration, Finance, Treasury, Operations, and Technology.

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