Wintrust Financial price target raised to $125 from $120 at DA Davidson

DA Davidson raised the firm’s price target on Wintrust Financial to $125 from $120 and keeps a Buy rating on the shares after its Q2 results. The company’s EPS miss was tied to greater than expected loan-loss provision and operating expense, partially offset by higher than anticipated revenue, while its stable net interest margin and steady growth are keeping the net interest income machine at Wintrust “well fueled”, the analyst tells investors in a research note.