Raymond James raised the firm's price target on Amerant Bancorp to $26 from $25 and keeps an Outperform rating on the shares. Following investor meetings with President and CEO Carlos Iafigliola, CFO Sharymar Calderon, and IR Head Laura Rossi, the firm gained a clearer view of the company's strategic plan under its newly confirmed CEO, including efforts to restore profitability after a Q1 decline, balance loan growth amid competition and a strong Florida economy, manage expenses while investing in the franchise, and expand Venezuela-linked deposits and wealth income, though execution headwinds remain, the analyst tells investors in a research note.
