NBT Bancorp price target raised to $55 from $53 at DA Davidson

DA Davidson analyst Manuel Navas raised the firm’s price target on NBT Bancorp (NBTB) to $55 from $53 and keeps a Buy rating on the shares. The company core pre-provision net revenue beat on stronger net interest income and operating expenditure, offsetting weaker fees, the analyst tells investors in a research note. The long term opportunity in NBT from the upstate NY economic upswing and Evans Bancorp deal remains compelling, the firm added.