CVB Financial price target raised to $21 from $19 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on CVB Financial to $21 from $19 and keeps an Equal Weight rating on the shares. Buybacks could potentially become more of interest in the second half, though the firm says it “got the sense that CVBF remained cautiously optimistic around potential M&A opportunities” that could arise in back half of the year and that pipeline commentary “additionally sounded somewhat optimistic with expectations to return to positive loan growth” in the second half.