Bank of Hawaii price target raised to $66 from $61 at Piper Sandler

Piper Sandler raised the firm’s price target on Bank of Hawaii (BOH) to $66 from $61 and keeps an Underweight rating on the shares following quarterly results. The firm’s model adjustments include a slightly thinner margin outlook, but a larger earning asset base, and as a result, stronger net interest income. In addition, Piper increased its fee income and expense forecasts, and lowered its provision assumptions.