Piper Sandler lowered the firm’s price target on German American Bancorp (GABC) to $42 from $44 and keeps a Neutral rating on the shares. The firm notes the company’s balance sheet size was in-line with expectations, and Q1 core earnings were stronger than anticipated with 10% PPNR upside driven by greater net interest income with more pronounced net interest margin expansion.
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Read More on GABC:
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