First Financial price target raised to $33 from $30 at Truist

Truist raised the firm’s price target on First Financial to $33 from $30 and keeps a Hold rating on the shares after its Q2 results. The company’s net interest income and loan growth was stronger than expectations, while its commercial loan growth momentum will help offset further deposit cost pressure, the analyst tells investors in a research note. Truist adds that First Financial’s expenses will continue to be well controlled going forward, and its asset quality trends should remain positive.