Enterprise Financial price target raised to $70 from $67 at DA Davidson

DA Davidson raised the firm’s price target on Enterprise Financial (EFSC) to $70 from $67 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is positive on the company’s robust tax credit income, net interest income growth and net interest margin stability, good core cost control and excellent balance sheet growth, stating that these factors offer dependable, recurring reasons for optimism, the analyst tells investors in a research note.