Community Trust price target lowered to $58 from $60 at Raymond James

Raymond James lowered the firm’s price target on Community Trust (CTBI) to $58 from $60 and keeps an Outperform rating on the shares. The firm’s model now assumes less upside to net interest margin given stiff deposit competition within its markets along with a modestly tempered near-term loan growth outlook given the increase in near-term macroeconomic uncertainty, the analyst tells investors in a research note.