BOK Financial price target raised to $140 from $115 at Raymond James

Raymond James raised the firm’s price target on BOK Financial (BOKF) to $140 from $115 and keeps an Outperform rating on the shares. The company’s Q4 results exceeded the firm’s forecasts and consensus estimates on both a core EPS and PPNR basis, with stronger loan/deposit growth and greater than projected NIM expansion fueling the upside in net interest income, the analyst tells investors in a research note. The firm added that despite the year-to-date outperformance of BOK Financial shares compared to peers, it continues to view the risk-reward positively given positive loan growth momentum, relatively pristine credit trends, and solid capital levels.