DA Davidson initiates coverage of Chemung Financial with Buy rating, $95 price target

DA Davidson initiated coverage on Chemung Financial's stock with a rating of Buy and a price target of $95.00.The price target implies an upside of 16.2% from the Sep 28 close of $81.73.Key takeaways from the analyst notePositive Loan Growth Projections: Chemung Financial is expected to achieve a 1…