Piper Sandler assumed coverage of Amalgamated Financial (AMAL) with a Neutral rating with a price target of $41, up from $38. The firm thinks Amalgamated has a good story to tell with a strong return profile, though one area where it would like to see some improvement is on credit after a 2025 where the bank saw some stress within rent-regulated multifamily and consumer solar.
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Read More on AMAL:
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