BOK Financial price target raised to $94 from $93 at Stephens

Stephens raised the firm’s price target on BOK Financial to $94 from $93 and keeps an Equal Weight rating on the shares. The company’s recently reported Q2 results included solid fees, “excellent” loan growth, and stable credit trends, while its slower net interest income and elevated op ex led to its PPNR and EPS miss, the analyst tells investors. Stephens anticipates the net interest margin contraction to continue, but also expects the bank to maintain strong loan pipelines.