Community Trust upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Daniel Tamayo upgraded Community Trust (CTBI) to Outperform from Market Perform with a $60 price target The bank’s Q3 results demonstrated strong core fundamentals as loans grew broadly and were outmatched by deposit growth while credit metrics display few signs of weakness, the analyst tells investors in a research note. The firm says Community Trust’s net interest income expansion surprised while further benefits from fixed rate loan re-pricings, mix shift and funding improvements, support stability despite rate cuts.