Cadence Bank price target raised to $42 from $41 at Stephens

Stephens analyst Matt Olney raised the firm’s price target on Cadence Bank (CADE) to $42 from $41 and keeps an Overweight rating on the shares following Q2 net interest income and fees both coming in above the consensus forecast. The firm, which expects moderate net interest margin pressure in the near term, suspects NIM will rebound as liquidity is deployed over the next few quarters, the analyst tells investors.