Piper Sandler lowered the firm’s price target on HBT Financial (HBT) to $27.50 from $29 and keeps a Neutral rating on the shares. The firm notes the company generated strong all-around results in Q3 that included modest PPNR upside and continued top quartile profitability. Piper is also positive on the compelling strategic components of HBT’s announced acquisition of CNBN, which should drive stronger EPS growth next year.
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