Camden National price target raised to $53 from $50 at Raymond James

Raymond James raised the firm’s price target on Camden National (CAC) to $53 from $50 and keeps an Outperform rating on the shares. The better-than-expected results and expected continued core net interest margin expansion bode well for steady earnings improvement in 2025, the analyst tells investors in a research note. The Northway Financial acquisition should also drive meaningflu accretion once the cost savings are realized, the firm says.