FirstSun Capital price target lowered to $44 from $51 at Piper Sandler

Piper Sandler analyst Matthew Clark lowered the firm’s price target on FirstSun Capital (FSUN) to $44 from $51 and keeps an Overweight rating on the shares. The firm is revising its 2025/2026 EPS to $3.65/$3.80 from $3.54/$3.90 based on stronger balance sheet growth, weaker fees and better non-interest expense. Piper continues to believe FirstSun is well positioned to build upon its low market share in more dynamic markets with an above average exposure to C&I supporting core deposit prospects and a better relative valuation.