BOK Financial price target raised to $120 from $113 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on BOK Financial (BOKF) to $120 from $113 and keeps a Sector Perform rating on the shares. The firm’s recent discussions with the management revealed a confident outlook, with the key highlights being a favorable Commercial and Industrial loan growth outlook, a margin that can move higher over time, clean credit, and fee business momentum, the analyst tells investors in a research note.