Beacon Financial assumed with an Overweight at Piper Sandler

Piper Sandler assumed coverage of Beacon Financial (BBT) with an Overweight rating and $33 price target As an MOE stock, Beacon is no doubt still a show me story, though out of the gate operating results at the combined company have looked strong, and the firm thinks are on pace to come close to if not meet originally targeted profitability metrics as synergies are fully realized.