DA Davidson analyst Jeff Rulis lowered the firm’s price target on National Bank (NBHC) to $42 from $46 and keeps a Buy rating on the shares. The firm, which is decreasing its 2025 and 2026 EPS estimates from $3.35 and $3.65 to $3.20 and $3.50, respectively, notes that its model adjustments include the negative Q1 variance and a reduced net interest income outlook.
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