Prosperity Bancshares price target raised to $80 from $77 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Prosperity Bancshares (PB) to $80 from $77 and keeps a Neutral rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.