Trustmark price target raised to $41 from $40 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Trustmark (TRMK) to $41 from $40 and keeps a Neutral rating on the shares. The company reported a pretax beat, with strong fee income and lower expenses seen as the primary drivers, and the firm expects continued net interest margin expansion in 2025 given a combined loan repricing tailwind and lower funding costs, the analyst tells investors in a research note.