DA Davidson lowered the firm’s price target on Enterprise Financial (EFSC) to $65 from $69 and keeps a Buy rating on the shares after its Q3 results. The company’s credit update was disappointing and requires greater execution ahead to remove the asset quality overhang, though the firm is even more encouraged on Enterprise Financial’s net interest income outlook, driving its upward 2026 EPS revision to $5.45 from $5.30, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EFSC:
- Enterprise Financial price target lowered to $62 from $64 at Piper Sandler
- Enterprise Financial price target lowered to $66 from $68 at Keefe Bruyette
- Enterprise Financial Services: Growth Amid Challenges
- Enterprise Financial reports Q3 EPS $1.19, consensus $1.29
- Enterprise Financial Services (EFSC) Q3 Earnings Cheat Sheet