D.A. Davidson

D.A. Davidson initiated coverage on MutualFirst Financial, Inc. (NASDAQ: MFSF) with an Underperform rating and $24 price target. In the Wednesday report, the analysts described the shares of the company as "more than fully valued." The $24 target is based on the P/E multiple of 15.5x their 2017 EPS...

D.A. Davidson's Kevin Reevey commented on how 1st Source Corporation (NASDAQ: SRCE) should be trading at a premium to its peers, justifying the company's current price. As a result, Reevey initiated 1st Source at Neutral with a $36.00 price target. The analyst's price target represents a price-to-...

D.A. Davidson’s Kevin K. Reevey believes Lakeland Financial Corporation (NASDAQ: LKFN) deserves to trade at a premium to peers, given the company’s consistently above-average profitability, leading position across some of Indiana’s most attractive markets and robust credit quality...

D.A. Davidson has started coverage of First Merchants Corporation (NASDAQ: FRME) with a Buy rating and price target of $29, implying a potential return of 16.3 percent. "First Merchants' strategy is to be the service driven alternative to its super regional bank competitors by delivering superior...

On Friday, PacWest Bancorp (NASDAQ: PACW) reported Q2 earnings per share at $0.68 vs. $0.69 estimates and a revenue of $255.9 million vs. $264.9 million estimates. D.A. Davidson's Gary Tenner downgraded PacWest from Buy to Neutral, while maintaining a $45.00 price target after Q2 earnings per share...

The risk/reward for Cyberark Software Ltd (NASDAQ: CYBR) remains balanced, D.A. Davidson's Jack Andrews said in a report. He reiterated a Neutral rating on CyberArk Software, while raising the price target from $42 to $51, saying that the recent market volatility had impacted the valuation...

D.A. Davidson analyst Mark Kelleher thinks Cavium Inc (NASDAQ: CAVM) acquired QLogic Corporation (NASDAQ: QLGC) for a fair price. On Thursday, the companies disclosed a deal whereby QLogic would be purchased for $15.50 a share comprising $11 a share in cash and 0.098 of a Cavium share worth about $...

D.A. Davidson advised investors to buy in the dip in Synchrony Financial (NYSE: SYF) shares. The brokerage has a Buy rating with a price target of $37.00 on the shares. The investment firm said that the shares of the company overreacted to its fresh loss outlook of 20–30 bps. Analyst Arren...

Oracle Corporation (NYSE: ORCL) is expected to report its fourth-quarter numbers on June 16 after the market close, and D.A. Davidson expects the results to be below consensus. Projections For Q4 Analyst Jack Andrews expects non-GAAP EPS of $0.80, compared to the Street's $0.82 and the company...

After briefly spiking above $51/bbl, WTI crude oil prices are back down under $47 following six consecutive days of declines and a weak U.S. stock draw this week. According to D.A. Davidson analyst John Rogers, oil and gas investor shouldn’t sweat the recent pullback. “Optimism is...

Lululemon Athletica inc. (NASDAQ: LULU) reported better-than-anticipated 1Q results, although the 2Q guidance was slightly below consensus. D.A. Davidson’s Andrew Burns reiterated a Neutral rating on the company, while raising the price target from $70 to $75. Beat Results The company...

Weyerhaeuser Co (NYSE: WY) reported its 1Q16 results, with the EPS a nickel ahead of the estimate, although revenues missed expectations. D.A. Davidson’s Steven Chercover downgraded the rating on the company to Neutral, while lowering the price target from $34 to $33. 1Q Results Chercover...