Raymond James lowered the firm’s price target on Cass Information Systems (CASS) to $45 from $47 and keeps an Outperform rating on the shares following Q3 results that topped both the firm’s EPS and PPNR forecast. The quarter can be characterized as a widening net interest margin and stronger than expected balance sheet growth fueling net interest income higher than forecast.
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Read More on CASS:
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- CASS Earnings this Week: How Will it Perform?
- Cass Information Systems price target lowered to $47 from $50 at Raymond James