Heritage Financial price target raised to $32 from $29 at DA Davidson

DA Davidson analyst Jeff Rulis raised the firm’s price target on Heritage Financial (HFWA) to $32 from $29 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is positive on the company’s “notable” net interest margin traction while noting that the inclusion of the Olympic transaction early in Q1 is expected to add further margin support, the analyst tells investors in a research note.