DA Davidson raised the firm’s price target on Customers Bancorp (CUBI) to $88 from $77 and keeps a Buy rating on the shares after its Q3 earnings beat. The company reported a “very strong quarter”, raising its FY25 guidance on net interest income and loan growth, the analyst tells investors in a research note. The stock’s valuation discount should narrow as the stage is set for stronger balance sheet growth and higher profitability, the firm added.
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