Banner Corp. price target lowered to $70 from $72 at Raymond James

Raymond James lowered the firm’s price target on Banner Corp. (BANR) to $70 from $72 and keeps an Outperform rating on the shares following the Q3 results. Banner’s consistent performance, strong deposit base, defensive posture, and solid organic growth trajectory are attractive, especially given the volatility and uncertainty in this market, the analyst tells investors in a research note.