** Shares of regional lender Brookline Bancorp BRKL.O rise as much as 3.6%; last up 2.2% at $12.79
** KBW upgrades BRKL to "outperform" from "market perform"; raises PT to $14.50 from $12, a 15.9% upside to stock's last close
** Brokerage says BRKL has traded at a steep discount to its peers throughout 2024
** Adds that there is significant opportunity for the valuation gap to narrow as BRKL's profitability returns toward peer levels and credit concerns ease
** Risk/reward opportunity highly attractive at current discounted levels — KBW
** Three of four brokerages rate the stock "buy" or higher and one "hold"; median PT is $14.50 — LSEG
** As of last close, BRKL shares up 14.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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