National Bank upgraded to Overweight from Equal Weight at Stephens

Stephens analyst Andrew Terrell upgraded National Bank (NBHC) to Overweight from Equal Weight with a $42 price target The recent pullback has created a “compelling” valuation discount for National Bank relative to peers, the analyst tells investors in a research note. The firm believes the company’s recently announced purchase of Vista brings scale in the “higher growth” Texas market, the analyst tells investors in a research note.