DA Davidson raised the firm’s price target on Equity Bancshares (EQBK) to $44 from $39 and keeps a Neutral rating on the shares. The company’s Q2 revenue came in below forecasts, yet lower credit and tax costs helped lift earnings, while its net interest margin showed surprising strength, the analyst tells investors in a research note. Equity Bancshares’ credit bears watching with softening in the restaurant arena, but losses remain modest, the firm added.
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