Unity Bancorp price target raised to $55 from $51 at Keefe Bruyette

Keefe Bruyette analyst Christopher O’Connell raised the firm’s price target on Unity Bancorp (UNTY) to $55 from $51 and keeps an Outperform rating on the shares. The company reported another strong quarter and remains well positioned to “achieve best-in-class profitability,” the analyst tells investors in a research note.