First Busey price target raised to $29 from $28 at DA Davidson

DA Davidson analyst Jeff Rulis raised the firm’s price target on First Busey (BUSE) to $29 from $28 and keeps a Neutral rating on the shares. The firm is updating its model following the company’s announced merger with CrossFirst Bankshares (CFB), saying the bank’s largest deal to date will push assets towards $20B, add higher growth Western markets, offer additional wealth management prospects and even provide increased visibility on the CEO front, the analyst tells investors in a research note.