First Busey price target raised to $29 from $26 at Piper Sandler

Piper Sandler raised the firm’s price target on First Busey (BUSE) to $29 from $26 and keeps an Overweight rating on the shares. The firm says that while former President Mike Maddox’s recent exit is not entirely surprising given the CFB merger’s structuring and among other factors, Piper is highly optimistic that production-related continuity will be maintained under recently promoted bank President Tony Hammond and Chairman, President & CEO Dukeman’s extended leadership position.