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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRCE: