Shore Bancshares rises after KBW upgrades to 'outperform'
** Regional lender Shore Bancshares' SHBI.O stock rises as much as 5.4%; last up 4.7% at $17.37
** KBW upgrades company's shares to "outperform" from "market perform"; raises PT to $20 from $16, a 20.6% upside to stock's last close
** Brokerage says SHBI shares still trade at a discount to its peers even after the recent bank rally
** 2025 will likely be a turning point in SHBI's story with improved growth and potential for further upside in M&A - brokerage
** KBW believes there are a number of buyers who would be interested in the bank given SHBI now has enhanced scarcity value in Maryland after the $1.6 bln sale of Sandy Spring SASR.O to Atlantic Union Bankshares AUB.N
** As of last close, SHBI shares up 16.4% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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