First Busey initiated with an Overweight at Piper Sandler

Piper Sandler initiated coverage of First Busey (BUSE) with an Overweight rating and $30 price target The firm believes First Busey – which operates 78 banking offices across ten states in the Midwest and Southwest – is poised for multiple expansion closer to peers as cost synergies and more consistent low-to-mid single digit organic loan growth emerges with its recent CrossFirst Bancshares acquisition, the analyst tells investors.