DA Davidson reaffirms ratings on M&T Bank, PDF Solutions and Simmons First
DA Davidson kept Neutral ratings on M&T Bank and Simmons First and a Buy on PDF Solutions, with price targets of $258, $68 and $25.
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what happened
DA Davidson analysts kept a Neutral rating on M&T Bank and set a price target of $258. According to TradingView, the target implies a 19.8% gain from the October 16 close of $215.28. Caution stems from the latest quarter, when net interest income came in below consensus expectations and expenses edged higher.
For PDF Solutions, the firm reaffirmed a Buy rating with a $68 target. That level implies 73.4% upside from the October 16 close of $39.22. The note highlights the company's strong position in the semiconductor and electronics ecosystem and its focus on software tools.
For Simmons First National, the Neutral rating was retained with a $25 target, implying 13.3% upside from the $22.07 close. Analysts pointed to possible deterioration in credit quality and competitive pressure on net interest margins.
why it matters
These are routine analyst updates on individual stocks rather than a signal for the broader market. For banks, net interest margins and loan quality remain the key factors, and those are the areas the analysts flagged.
tags
instruments
sources
- DA Davidson maintains Neutral rating on M&T Bank, $258 price target — TradingView, 19 October 2026 at 19:38 UTC
- DA Davidson maintains Buy rating on PDF Solutions, $68 price target — TradingView, 19 October 2026 at 19:41 UTC
- DA Davidson maintains Neutral rating on Simmons First Ntl, $25 price target — TradingView, 19 October 2026 at 19:39 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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