Banner Corp. price target raised to $65 from $51 at Piper Sandler

Piper Sandler raised the firm’s price target on Banner Corp. to $65 from $51 and keeps an Overweight rating on the shares. Piper still expects Banner’s credit quality to be among best in industry and thinks the premium multiple on shares is supported by the company’s above average credit metrics, high-quality banking franchise and strong management team, the analyst tells investors in a research note.