Mid Penn Bancorp price target raised to $31 from $25 at Piper Sandler

Piper Sandler analyst Frank Schiraldi raised the firm’s price target on Mid Penn Bancorp to $31 from $25 and keeps an Overweight rating on the shares following quarterly results. Along with a solid net interest income beat this quarter, capital levels also improved, and the credit profile was benign with NPAs down lq, the firm adds.