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USCB Financial upgraded to Strong Buy from Outperform at Raymond James

Raymond James upgraded USCB Financial (USCB) to Strong Buy from Outperform with a price target of $22, up from $20, after meeting with management. The company sees profitability improvement in 2026 as rate cuts could drive return on assets to the 1.30% range given the bank’s liability-sensitive balance sheet, the analyst tells investors in a research note. As such, Raymond James now views USCB ‘s risk/reward more positively.

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