BOK Financial price target raised to $97 from $90 at DA Davidson

DA Davidson raised the firm’s price target on BOK Financial to $97 from $90 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company’s net interest income continued to decline in the quarter, but the pace of decline moderated, and the management also noted that BOK’s net interest income and margin bottomed in the quarter, the analyst tells investors in a research note. The bank’s credit quality trends were also excellent, the firm stated.