Raymond James analyst David Long raised the firm’s price target on Alerus Financial (ALRS) to $27 from $24 and keeps an Outperform rating on the shares. Alerus reported an “impressive” Q2, with a a materially wider net interest margin, solid credit metrics, higher noninterest income, and lower expenses, driving the EPS beat, the analyst tells investors in a research note. Raymond James remains bullish on Alerus shares.
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