- Sterne Agee is buying the dip in Susquehanna Bancshares (SUSQ +1.1%), upping to Buy with $13.50 price target following last week's disappointing earnings and guidance which sent the stock tumbling more than 10%.
- Possible catalysts include a new round of cost-cutting, additional credit leverage, and more active capital management in 2015.
- Then there's valuation. Heading into earnings, SUSQ P/E multiple was the lowest in its Northeast regional peer group. Even with estimate cuts - and Sterne Agee takes its down by 4% - the stock remains attractively valued.
From other sites
at CNBC.com (Nov 12, 2014)
at CNBC.com (Sep 19, 2014)
at CNBC.com (Sep 16, 2014)
at CNBC.com (Jun 30, 2014)
at CNBC.com (Jul 23, 2013)
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