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Compass Pt Rch & Trading LLC reiterates Berkshire Hills Bancorp at 'neutral'

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Compass Pt Rch & Trading LLC reiterates Berkshire Hills Bancorp at 'neutral'

Compass Point Research & Trading LLC analystLaurieHunsicker maintained her investment opinion of Berkshire Hills Bancorp Inc. at "neutral,"with a price target of $29.

The analyst wrote in a research report: "Part of ourinvestment thesis is focused on BHLB's 8/7/2015 acquisition of Firestone FinancialCorp, a MA-based commercial specialty finance company with a national footprintof which 83% of the loan book is collateralized by amusement, carnival/park andfitness. This out-of-market strategy expansion with a riskier asset class is adivergence from BHLB's core strategy, and accordingly we remain cautious."