Piper Sandler raised the firm’s price target on Midland States (MSBI) to $21 from $18 and keeps a Neutral rating on the shares. The firm notes that Midland recently filed its 2024 10-K that included some first half of 2025 updates and restated results from 2022 to 2024, reflecting accounting adjustments tied to largely discontinued third-party loan origination programs.
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