QCR Holdings price target lowered to $53 from $58 at Raymond James

Raymond James lowered the firm’s price target on QCR Holdings to $53 from $58 and keeps an Outperform rating on the shares. Raymond James believes further downside is limited and, with the stock trading at a discount to peers, provide an attractive store of funds in the banking space in the medium-term as the bank is set to produce solid balance sheet growth, credit is well-managed, while it is relatively neutral from a NIM standpoint moving forward, the analyst tells investors in a research note.