Keefe, Bruyette & Woods upgraded MidWestOne Financial Group (MOFG) to Outperform, raising the price target to $39. Analyst Damon DelMonte cites the bank’s attractive valuation, strategic plan, and balance sheet restructuring as key reasons. He projects margin expansion and improved profitability, leading to a potential 23-45% return on investment. MOFG shares are trading higher following the upgrade.