Civista Bancshares price target lowered to $26 from $27 at DA Davidson

DA Davidson analyst Manuel Navas lowered the firm’s price target on Civista Bancshares (CIVB) to $26 from $27 but keeps a Buy rating on the shares. The company announced an acquisition and a capital raise that should drive a stronger growth trajectory due to improved funding and right-sized capital, the analyst tells investors in a research note.