WSFS Financial price target raised to $68 from $59 at DA Davidson

DA Davidson raised the firm’s price target on WSFS Financial to $68 from $59 and keeps a Buy rating on the shares after its Q2 earnings beat. The results profile an elevated net interest margin that benefits from a “higher for longer” interest rate environment and strong Fee business performance that supports the firm’s thesis that Fees will take the baton in driving shareholder value from net interest margins when rates fall, the analyst tells investors in a research note.