Business First Bancshares price target raised to $31 from $30 at Raymond James

Raymond James raised the firm’s price target on Business First Bancshares (BFST) to $31 from $30 and keeps an Outperform rating on the shares. Rrisk-reward is viewed positively given expectations for a relatively solid balance sheet growth, benefits from the Oakwood/Progressive deals, and solid profitability juxtaposed with its discounted valuation vs. peers, the analyst tells investors in a research note.