National Bank price target raised to $45 from $42 at DA Davidson

DA Davidson raised the firm’s price target on National Bank (NBHC) to $45 from $42 and keeps a Buy rating on the shares. Loan growth has been restrained by credit trimming, but net growth is expected to return in the second half of 2025, and, the expense run rate is meaningfully lower on efficiency initiatives, the analyst tells investors in a research note.