QCR Holdings price target raised to $87 from $80 at DA Davidson

DA Davidson raised the firm’s price target on QCR Holdings (QCRH) to $87 from $80 and keeps a Buy rating on the shares. QCR’s net interest margin continues to climb and fee income is resetting upward to prior peak/normal levels, the analyst tells investors in a research note. The firm thinks loan growth can continue in the second half without the overhang of Low-Income Housing Tax Credit loan securitizations.