BOK Financial price target raised to $105 from $102 at Wells Fargo

Wells Fargo analyst Timur Braziler raised the firm’s price target on BOK Financial (BOKF) to $105 from $102 on Friday and kept an Equal Weight rating on the shares. The firm says negative op. leverage is likely through the first half of 2025, while ramp in the second half of 2025/2026 looks better than peers. Wells remains sidelined as near-term air pocket is absorbed, given the already premium valuation.