Live Oak Bancshares rises after KBW upgrades to 'outperform'

Regional lender Live Oak Bancshares' LOB.N shares rise 4.2% to $35.73

KBW upgrades LOB to "outperform" from "market perform"; raises PT to $43 from $37, a 25.4% upside to stock's last close

Brokerage says it expects several positive catalysts to drive shares higher over the rest of 2025

Says credit performance is set to turn around in H2 2025, which should ease investor fears

LOB shares have been punished since Q3 2024 due to investor concerns around credit performance

One of three brokerages rates the stock "strong buy" and two "hold"; median PT $38 - data compiled by LSEG

As of last close, LOB shares down 13.3% YTD