CB Financial Services price target raised to $32 from $30 at DA Davidson

DA Davidson analyst Manuel Navas raised the firm’s price target on CB Financial Services (CBFV) to $32 from $30 and keeps a Neutral rating on the shares. CB Financial’s pre-provision net revenue beat on stronger net interest income, fees, and operating expenses, the analyst tells investors in a research note. The company is delivering on its commercial transformation driving better growth and net interest margin even while investing in a Treasury Platform that should drive better funding for much stronger profitability and growth starting in Q4, DA Davidson says.