Carter Bankshares price target raised to $21 from $20 at Raymond James

Raymond James raised the firm’s price target on Carter Bankshares to $21 from $20 and keeps an Outperform rating on the shares after the company disclosed the voluntary dismissal of a lawsuit that was filed against the bank by GLAS Trust Company “with prejudice.” The announcement, which follows the recent resolution of a foreclosure threat against the Greenbrier, ends all Justice-related litigation, the analyst tells investors.