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Enterprise Financial price target lowered to $65 from $70 at DA Davidson

DA Davidson analyst Jeff Rulis lowered the firm’s price target on Enterprise Financial (EFSC) to $65 from $70 and keeps a Buy rating on the shares. The company’s delivered solid Q1 results that have lifted the firm’s net interest income outlook, but while the management expects modest margin compression next quarter, the bank’s rate increasingly neutral position is likely to hold the margin steady from there, the analyst tells investors in a research note.

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