** Hovde Group upgrades shares of community bank Orrstown Financial Services ORRF.O to "outperform" from "market perform" following a solid start to 2025
** Brokerage raises 2025 EPS estimates after solid Q1 results due to a combination of lower bad loan provisions outlook and better expense control than previously estimated
** Says management's efforts to reduce risk within its loan portfolio with an eye towards positioning the bank for future growth appear to be paying dividends
** Raises PT on ORRF to $35 from $31, a 17.6% upside to stock's last close
** Four of 5 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $37 - data compiled by LSEG
** As of last close, ORRF stock down 18.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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