N.T. Butterfield price target raised to $43 from $40 at Wells Fargo

Wells Fargo raised the firm’s price target on N.T. Butterfield to $43 from $40 and keeps an Overweight rating on the shares following the quarterly results. Capital return remains the most compelling part of the story, especially in the second half as the balance sheet likely shrinks some, the analyst tells investors in a research note.