UPDATE: Sterne Agee Upgrades Beneficial Mutual Bancorp to Buy on Second Step Conversion Potential
February 21, 2013 at 07:33 AM EST
Sterne Agee upgraded Beneficial Mutual Bancorp (NASDAQ: BNCL ) from Neutral to Buy and announced an $11.00 price target. Sterne Agee noted, "We are upgrading shares of BNCL from Neutral to Buy as we believe the company is within 12 months of announcing a second step conversion. In our view,
