As previously reported, Piper Sandler upgraded Dime Community (DCOM) to Overweight from Neutral with a price target of $38, up from $36. Following the company’s quarterly report and guidance commentary, the firm is raising its estimates “considerably” to account for the “significant” balance sheet restructuring completed in Q4. The firm believes a stronger outlook should drive the company’s valuation up and “create more upside to the stock,” the analyst tells investors.
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