Veritex price target lowered to $32 from $34 at DA Davidson

DA Davidson lowered the firm’s price target on Veritex (VBTX) to $32 from $34 and keeps a Buy rating on the shares. The company’s Q1 results was generally in line with expectations, with the exception of lower expenses and higher fee income, the analyst tells investors in a research note. Loan production remains strong, suggesting a positive inflection later this year/2026 provided the economic uncertainty resolves, the firm adds.