Evans Bancorp price target lowered to $27 from $30 at Piper Sandler

Piper Sandler lowered the firm’s price target on Evans Bancorp to $27 from $30 and keeps a Neutral rating on the shares post the Q1 report. The company reported a core miss driven by lower net interest income, higher expenses, and a slightly higher provision, offset by better than expected fees, the analyst tells investors in a research note.