Capitol Federal assumed with a Neutral at Piper Sandler

Piper Sandler assumed coverage of Capitol Federal (CFFN) with a Neutral rating and $7 price target The firm links the bank’s setup due to its improving profitability, “attractive” dividend yield and “outstanding” credit quality. However, Piper wants to see further evidence of Capitol Federal’s net interest margin “power in a down-rate environment” before recommending the shares.