Cass Information Systems price target raised to $50 from $45 at Raymond James

Raymond James raised the firm’s price target on Cass Information Systems (CASS) to $50 from $45 and keeps an Outperform rating on the shares following “solid” Q4 results. Results were driven by continued net interest margin expansion, which, together with a larger earning asset base, pushed net interest income above expectations, the firm told investors in a research note. Raymond James added that capital return accelerated in Q4, while headcount declined 2% quarter-over-quarter.