DA Davidson raised the firm’s price target on WSFS Financial (WSFS) to $70 from $68 and keeps a Buy rating on the shares after its Q2 earnings beat. The company is sustaining its elevated net interest margin through again lowering deposit costs and benefiting from Trust inflows on market share gains, the analyst tells investors in a research note. The sale of UpStart loans also offers upside to net charge-off guidance, the firm added.
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