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1st Source price target raised to $80 from $75 at Piper Sandler

Piper Sandler raised the firm’s price target on 1st Source (SRCE) to $80 from $75 and keeps an Overweight rating on the shares following impressive Q2 results that included an 11% net interest income-driven PPNR beat. The firm continues to expect both superior operating leverage and profitability to drive forward price to earnings expansion above peers.

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