Peoples Bancorp price target lowered to $35 from $39 at DA Davidson

DA Davidson lowered the firm’s price target on Peoples Bancorp (PEBO) to $35 from $39 and keeps a Buy rating on the shares. The company’s pre-provision net revenue beat on better net interest income and operating expense offsetting lower fees, the analyst tells investors in a research note. Leasing losses also declined, appear under control, and should decline from here, the firm adds.