Raymond James raised the firm’s price target on Wintrust Financial (WTFC) to $135 from $125 and keeps a Strong Buy rating on the shares. Wintrust continues to fire on all cylinders, as seen with its “impressive” Q3 results, which produced “superior” organic balance sheet growth, while capitalizing on opportunistic M&A opportunities with the closure of Macatawa in August, the analyst tells investors in a research note. Its management team has successfully positioned the balance sheet to protect the net interest margin against lower interest rates and continues to expect the NIM to be stable in the range of 3.5% going into 2025, the firm adds.
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- Wintrust Financial price target raised to $130 from $125 at DA Davidson
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