OceanFirst Financial price target raised to $23 from $21 at Raymond James

Raymond James raised the firm’s price target on OceanFirst Financial (OCFC) to $23 from $21 and keeps a Strong Buy rating on the shares. OceanFirst’s Q3 results were mixed, with net interest income falling short on a tighter core net interest margin, though the announced outsourcing of residential mortgage and sale of its title businesses will improve efficiency going forward, the analyst tells investors in a research note.