United Bankshares price target raised to $41 from $36 at DA Davidson

DA Davidson raised the firm’s price target on United Bankshares to $41 from $36 and keeps a Neutral rating on the shares. The company’s pre-provision net revenue beat expectations on better net interest income and operating expenditures offsetting weaker fees, the analyst tells investors in a research note. United’s credit metrics remain strong and capital is high, supporting market share gains as its peers pull back, the firm added.