City Holding price target raised to $137 from $128 at DA Davidson

DA Davidson raised the firm’s price target on City Holding (CHCO) to $137 from $128 and keeps a Neutral rating on the shares. City Holding’s retail focused-model delivered strength in fees, efficiency, and low-cost deposits that keep net interest margin elevated to drive above-peer returns, but this already reflected in the shares, the analyst tells investors in a research note.