Customers Bancorp price target raised to $77 from $62 at B. Riley

B. Riley raised the firm’s price target on Customers Bancorp to $77 from $62 and keeps a Buy rating on the shares post the Q4 report. A solid beat on loan losses was the key contributor to the earnings outperformance, the analyst tells investors in a research note. The firm says deposit franchise continued to show solid momentum, adding over $1B of deposits in the quarter.