Ameris Bancorp price target raised to $84 from $80 at Piper Sandler

Piper Sandler raised the firm’s price target on Ameris Bancorp (ABCB) to $84 from $80 and keeps an Overweight rating on the shares. The firm notes Ameris’ Q3 results were largely in line with its expectations, which continue to represent strong core earnings, solid loan growth, and impressive profitability. In this environment where deal stocks are punished, Piper thinks the Ameris earnings profile will continue to be rewarded by investors.