National Bank price target raised to $49 from $46 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on National Bank (NBHC) to $49 from $46 and keeps an Equal Weight rating on the shares. Loan pipelines remain “solid” and the firm expects growth can rebound in future periods while mortgage banking remains a potential source of upside, noting that its FY25 operating EPS forecast moves up 6% to $3.30 following the quarter.