** Citi Research upgrades regional U.S. bank South State SSB.N to "buy" from "neutral", raises PT to $128 from $106
** Brokerage notes that the closure of the Independent Bank Group deal and net interest margin expansion as key factors driving profitability
** SSB had agreed to acquire Texas-based Independent Bank Group in an all-stock $2 billion deal in May
** The biggest driver to our 2025/26 outlook was the combination of a stronger than expected NIM backdrop from 4Q24 (both loan and deposit pricing), coupled with a likely securities repositioning - brokerage
** The new price target represents a 23.5% upside to the stock's last close
** 6 of 9 brokerages rate the stock "buy" or higher, and 3 "hold"; their median PT is $125 - LSEG data
** In 2024, the stock rose 17.8%
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。