UPDATE: D.A. Davidson Raises PT On Lakeland Financial On Raised Estimates

In a report published Tuesday, D.A. Davidson analyst Stephen Geyen reiterated a Neutral rating on Lakeland Financial Corporation (NASDAQ: LKFN), and raised the price target from $43.00 to $44.00.

In the report, D.A. Davidson noted, “After recently talking with a handful of bankers in the Indiana market, we took another look at our forecast for several of our Indiana banks. The response was consistent with those we talked with in regard to their view of a stable to an improving economy across Indiana and northern Kentucky and the potential for steady loan growth in 2015. The discussion prompted us to make several changes to our forecast for Lakeland Financial which are highlighted below.”

Lakeland Financial closed on Monday at $43.45.