CNB Financial price target lowered to $25 from $27 at Keefe Bruyette

Keefe Bruyette analyst Tim Switzer lowered the firm’s price target on CNB Financial (CCNE) to $25 from $27 and keeps a Market Perform rating on the shares. The company’s Q1 results were slightly below consensus expectations driven by softer revenue trends, particularly due to weaker loan growth, the analyst tells investors in a research note.