1st Source price target raised to $88 from $83 at Piper Sandler

Piper Sandler raised the firm’s price target on 1st Source (SRCE) to $88 from $83 and keeps an Overweight rating on the shares. Following 1.5 weeks of Q1 earnings season, results across the firm’s Midwest coverage have been broadly constructive with 5% median EPS upside and Piper’s estimates generally moving slightly higher.