Byline Bancorp price target raised to $37 from $35 at Piper Sandler

Piper Sandler raised the firm’s price target on Byline Bancorp (BY) to $37 from $35 and keeps an Overweight rating on the shares. The company again generated strong results in Q4 that included 9% PPNR upside driven by both stronger core fee income and net interest income with net interest margin expansion.