Byline Bancorp price target raised to $40 from $37 at Piper Sandler

Piper Sandler raised the firm’s price target on Byline Bancorp (BY) to $40 from $37 and keeps an Overweight rating on the shares. Following 1.5 weeks of Q1 earnings season, results across the firm’s Midwest coverage have been broadly constructive with 5% median EPS upside and Piper’s estimates generally moving slightly higher.