Stephens analyst Terry McEvoy lowered the firm’s price target on Nicolet Bankshares to $88 from $92 and keeps an Equal Weight rating on the shares after the bank delivered better-than-expected Q1 results. The firm is revising its 2024 and 2025 operating EPS estimates to $6.75 from $6.80 and $7.10 from $7.75, respectively, noting that it assumes two rate cuts in 2024 and one cut in 2025.
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