CVB Financial price target raised to $22.50 from $21 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on CVB Financial (CVBF) to $22.50 from $21 and keeps a Neutral rating on the shares. The company announced an agreement to acquire Heritage Commerce Corporation (HTBK) in a $811M acquisition that will expand CVB’s franchise into the Bay Area, the analyst tells investors in a research note.