Community Financial price target raised to $66 from $62 at Piper Sandler

Piper Sandler raised the firm’s price target on Community Financial (CBU) to $66 from $62 and keeps a Neutral rating on the shares. The firm notes the company’s PPNR beat on lower OpEx outpacing lower Fees with fairly in line net interest income. Based on Q1 trends, Piper says there could be upside to net interest income, loan growth, and OpEx vs the Outlook and not yet in its unchanged EPS.