Piper Sandler analyst Manuel Navas assumed coverage of Financial Institutions (FISI) with a Neutral rating and $34 price target In a time of some building market optimism for banks, the analyst is assuming coverage of five more regional banks. Piper highlights a positive earnings backdrop. The firm bases its forecast through 2027 on its expectations for a steady march lower by the Federal Reserve in short-term rates, a modest steepening in the yield curve, and a solid economic backdrop for growth and credit.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FISI:
- Financial Institutions Completes $80M Subordinated Notes Placement
- Financial Institutions Declares Quarterly Cash Dividend
- Financial Institutions price target raised to $35 from $34 at Keefe Bruyette
- Financial Institutions Inc. Reports Strong Q3 Earnings
- Financial Institutions Reports Strong Q3 2025 Results