Banner Corp. price target lowered to $53 from $54 at Stephens

Stephens analyst Andrew Terrell lowered the firm’s price target on Banner Corp. to $53 from $54 and keeps an Overweight rating on the shares. Citing a favorable net interest margin setup, the firm forecasts about 10% upside to Street FY25 EPS forecasts, while noting that shares are trading at about a 15% valuation discount to the group.