** Community bank ACNB Corp's ACNB.O shares rise 1.6% to $41.89
** Raymond James initiates coverage of ACNB with an "outperform" rating and $47 PT, a 14% upside to stock's last close
** Brokerage says ACNB possesses a "longstanding and enviable core deposit franchise" in Pennsylvania, which coupled with strong growth in higher-yielding commercial lending segments, has contributed to above-peer profitability in recent years
** Adds that it expects ACNB to be an active acquirer over time given its robust capital base
** Proven track record of solid credit performance through various cycles drives confidence in its performance through a period of potential economic uncertainty - brokerage
** All four brokerages covering the stock rate it "buy" or higher; median PT is $48.50 - data compiled by LSEG
** ACNB stock up 5% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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