QCR Holdings price target raised to $99 from $98 at Raymond James

Raymond James analyst Daniel Tamayo raised the firm’s price target on QCR Holdings (QCRH) to $99 from $98 and keeps an Outperform rating on the shares. Quarterly results were solid as strong expense control drove an EPS and PPNR beat despite slightly weaker revenues, while balance sheet growth and stable credit supported favorable core trends with steady-to-improving net interest margin and increasing capital flexibility, reinforcing a positive risk-reward profile and premium valuation case versus peers, the analyst tells investors in a research note.