Coastal Financial price target raised to $100 from $88 at Raymond James

Raymond James analyst David Feaster raised the firm’s price target on Coastal Financial (CCB) to $100 from $88 and keeps a Strong Buy rating on the shares. Coastal Financial’s Q4 results were “noisy,” but beat Street EPS forecasts, and while it will ultimately take time for the company to prove its differentiated credit philosophy, Raymond James views the December quarter as another chapter in validating its de minimis credit risk business model, the analyst tells investors in a research note.