City Holding price target raised to $100 from $98 at Stephens

Stephens analyst Russell Gunther raised the firm’s price target on City Holding to $100 from $98 and keeps an Equal Weight rating on the shares. Deposit trends continue to outperform for “what is the most granular deposit franchise in our coverage,” says the analyst, who raised FY24 and FY25 PPNR estimates by 5% and 4%, respectively, following the company’s quarterly report.