1st Source price target raised to $69 from $67 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on 1st Source (SRCE) to $69 from $67 and keeps a Neutral rating on the shares. The company reported another “beat and raise quarter”, with net interest income increasing by $3.6M to $88.8M led by 8bps net interest margin expansion to 4.09%, the analyst tells investors in a research note.