Hancock Whitney price target raised to $65 from $62 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Hancock Whitney to $65 from $62 and keeps a Buy rating on the shares after its Q3 earnings beat. The results and the management’s forward guidance underscored the company’s ability to lower its funding costs fairly quickly in response to the Fed’s easing campaign, driving modest net interest margin expansion despite a slightly asset sensitive bias, though the key to drive net interest income higher over the course of 2025 remains loan growth, the analyst tells investors in a research note.