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Fly News Breaks for January 25, 2018
CHFC
Jan 25, 2018 | 06:19 EDT
DA Davidson analyst Kevin Reevey raised his price target on Chemical Financial to $70 after Q4 earnings that showed spread income, core fee income, and average loans all rising. The analyst also notes a strong profitability ROA metric, which he calls "among the best in the Midwest". Reevey keeps his Buy rating on Chemical Financial and raises his FY18 EPS target to $4.09 from $3.59 on the positive impact of U.S. corporate tax changes.
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