Simmons First National price target raised to $21 from $19 at Stephens

Stephens analyst Matt Olney raised the firm’s price target on Simmons First National to $21 from $19 and keeps an Equal Weight rating on the shares. The company’s recently reported Q2 results included solid fees, improved cost controls, good loan growth, and stable credit trends, the analyst tells investors. Net interest income headwinds continue to drive top-line pressure, which Stephens believes will continue into Q3.