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Alerus Financial price target raised to $23 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on Alerus Financial (ALRS) to $23 from $22 and keeps a Neutral rating on the shares. The firm says the company generated very solid results in Q1 with 23% PPNR upside via stronger net interest income that benefited from greater net interest margin expansion as well as robust loan and deposit growth.

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