DA Davidson lowered the firm’s price target on United Community Banks (UCB) to $33 from $38 and keeps a Buy rating on the shares after its Q1 earnings beat. The company is well-positioned to grow top line and total revenue, and EPS through 2025 and 2026 as near term net interest margin should expand, while United’s underlying markets are supportive of loan generation, the analyst tells investors in a research note. The firm’s reduced price target reflects a lower non-interest earnings however, DA Davidson added.
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