City Holding price target lowered to $99 from $100 at Stephens

Stephens analyst Russell Gunther lowered the firm’s price target on City Holding to $99 from $100 and keeps an Equal Weight rating on the shares. Following the company’s quarterly report, the firm maintains its FY24 view and lowered its FY25 EPS estimate by 5% to account for a lower net interest margin than its prior forecast, the analyst tells investors.