Ameris Bancorp price target raised to $69 from $54 at Truist

Truist raised the firm’s price target on Ameris Bancorp to $69 from $54 and keeps a Buy rating on the shares as part of a broader research note recapping Q2 earnings for Community and Regional Banks. The firm’s revisions reflect a higher net interest income and fee income offset partially by higher operating expense, while its mortgage results were above expectations again, driving much of the positive fee income revisions, the analyst tells investors in a research note.