Bank of Marin upgraded to Buy from Neutral at DA Davidson

DA Davidson upgraded Bank of Marin to Buy from Neutral with a $24 price target A Fed pivot to lower rates has improved the earnings outlook and triggered a belief that the bank’s credit risks have incrementally eased, the analyst tells investors. The firm has lifted its 2025 EPS forecast by 10%, predominantly on a more favorable net interest margin and income forecast, adding that interest rate relief should mitigate office commercial real estate pressures “to a degree” and reduce overall investor concern over the credit quality environment.