DA Davidson lowered the firm’s price target on BOK Financial to $75 from $95 and keeps a Neutral rating on the shares. The company’s Q3 was “very weak” with more pressure than expected on net interest income, but while this is set to carry over into Q4, it is also expected to bottom in Q1 of FY24 at much lower levels than originally forecasted, the analyst tells investors in a research note.
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Read More on BOKF:
- BOK Financial price target lowered to $80 from $90 at RBC Capital
- Wells Fargo downgrades BOK Financial to Equal Weight, lowers price target to $70
- BOK Financial downgraded to Equal Weight from Overweight at Wells Fargo
- BOK Financial reports Q3 EPS $2.04, consensus $2.09
- BOKF Earnings this Week: How Will it Perform?
