OceanFirst Financial price target raised to $22 from $20 at DA Davidson

DA Davidson raised the firm’s price target on OceanFirst Financial (OCFC) to $22 from $20 and keeps a Neutral rating on the shares. The firm notes that while U.S. election results give the bank “added flexibility”, it still sees 2025 as a transition year, adding however that a step up in deposit growth organically or through M&A would translate quickly to better loan growth and the firm “more constructive” on OceanFirst, the analyst tells investors in a research note.