Customers Bancorp price target raised to $86 from $82 at Piper Sandler

Piper Sandler analyst Manuel Navas raised the firm’s price target on Customers Bancorp (CUBI) to $86 from $82 and keeps an Overweight rating on the shares following quarterly results. Some concerns meeting net interest income targets drove shares down, the firm notes. Piper thinks the strong late quarter balance sheet growth and growth through year-end 2026, more than offsets those concerns.