Cass Information Systems upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler analyst Frank Schiraldi upgraded Cass Information Systems to Overweight from Neutral with a price target of $51, up from $45, post the Q4 report. The analyst sees Cass as a “highly profitable bank with a uniquely attractive business model.” Cass also stands out from the banking crowd in the current environment with an “envious level” of fees/total revenues and a best-in-class credit profile, the analyst tells investors in a research note.