WSFS Financial price target raised to $48 from $44 at Stephens

Stephens raised the firm’s price target on WSFS Financial to $48 from $44 and keeps an Overweight rating on the shares. The company recently reported Q2 results, with its core EPS beating estimates due to better-than-expected net interest income / net interest margin results, the analyst tells investors. While loan and deposit growth challenges remain across the industry, Stephens is encouraged by the company’s balance sheet trends and expects continued related outperformance, the firm says.