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Midland States price target raised to $26 from $23 at DA Davidson

DA Davidson raised the firm’s price target on Midland States (MSBI) to $26 from $23 and keeps a Neutral rating on the shares after its Q1 earnings beat. Following a noisy 2025, the bank entered 2026 with an ongoing focus on growing the community bank and improving credit quality, the analyst tells investors in a research note. The firm adds that Midland’s margin is seeing positive lift, and it anticipates the income statement to show greater stability vs. prior years.

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