DA Davidson lowered the firm’s price target on Wintrust Financial (WTFC) to $135 from $140 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s credit is solid, profitability is on the rise and visibility on the remainder of year for the bank is as clear as any bank the firm covers, the analyst tells investors in a research note. DA Davidson adds however that its reduced price target reflects a reduction in peer trading multiples.
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