DA Davidson analyst Gary Tenner raised the firm’s price target on United Community Banks to $35 from $32 and keeps a Buy rating on the shares after its Q2 earnings beat. The company looks well-positioned to grow top line and total revenue, and EPS through 2024 and 2025 as its liquidity position should provide an element of deposit pricing power within its markets, which may also support accelerated loan growth in 2025, the analyst tells investors in a research note.
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