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Alerus Financial climbs after Raymond James upgrades stock to 'strong buy'

ReutersJan 5, 2026 2:45 PM

Regional lender Alerus Financial's ALRS.O shares rise 4.5% to $23.45 in early trading

Raymond James upgrades ALRS to "strong buy" from "outperform", citing bond portfolio rejig in late December

Raises PT to $27 from $25, a 20.3% upside to stock's last close

Brokerage boosts 2026 and 2027 EPS estimates for ALRS by 8%; says balance sheet clean-up should allow the bank to refocus energy on organic growth

"We believe the discounted valuation presents an attractive entry point for a bank that now carries an improved growth profile" - Raymond James analyst David Long

ALRS stock rose 17% in 2025

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