Bar Harbor Bankshares upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler analyst Mark Fitzgibbon upgraded Bar Harbor Bankshares (BHB) to Overweight from Neutral with a price target of $35, up from $34, following completion of the bank’s Guaranty Bancorp acquisition. It believes the deal “provides another compelling reason” to own Bar Harbor shares. Piper upgraded the name after incorporating the Guaranty into its model.