Enterprise Financial price target raised to $62 from $58 at Piper Sandler

Piper Sandler analyst Andrew Liesch raised the firm’s price target on Enterprise Financial (EFSC) to $62 from $58 and keeps an Overweight rating on the shares following quarterly results. Following the earnings call, the firm made several adjustments to its model, including thinner margins, slower loan growth and a smaller earning asset base. In addition, Piper is taking a more positive view on Enterprise’s credit outlook and are lowering its provision assumptions.