Prosperity Bancshares price target raised to $78 from $77 at BofA

BofA raised the firm’s price target on Prosperity Bancshares (PB) to $78 from $77 and keeps a Neutral rating on the shares. Most mid-cap banks maintained 2026 NII/NIM guidance while removing rate cuts from underlying assumptions, underscoring the sensitivity to the flattening yield curve, the analyst tells investors in a research note. The firm added that it still sees downward revision risk to NII from stickier-than-anticipated deposit costs.