South Plains Financial price target raised to $44 from $42 at Raymond James

Raymond James raised the firm’s price target on South Plains Financial (SPFI) to $44 from $42 and keeps an Outperform rating on the shares. The Bank of Houston transaction meaningfully advances South Plains Financial’s metro-market expansion strategy, adds a seasoned team of relationship bankers, and enhances the company’s long-term growth profile in one of Texas’s most attractive and underpenetrated commercial banking markets, the analyst tells investors in a research note.