UPDATE: Sterne Agee Upgrades OceanFirst Financial to Buy on Valuation
Posted on November 19, 2012 at 07:29 AM EST
Sterne Agee raised its rating on OceanFirst Financial (NASDAQ: OCFC ) from Neutral to Buy with a new $14.50 price target. Sterne Agee commented, "We are upgrading shares of OceanFirst to Buy with a $14.50 price target. After conversations with management, we believe shares have been unduly punished for