DA Davidson starts Eagle Financial at Buy, sees ‘solid’ earnings growth

DA Davidson initiated coverage of Eagle Financial (EFSI) with a Buy rating and $40 price target The firm expects the company to turn its recently raised equity capital into sustainable above-peer loan growth in expansion markets across northern Virginia and Maryland, the analyst tells investors in a research note. DA Davidson also anticipates Eagle Financial generating “solid” earnings growth while assuming a valuation expanding from below-peer levels.