Midland States price target raised to $28 from $25.50 at Piper Sandler

Piper Sandler analyst Nathan Race raised the firm’s price target on Midland States (MSBI) to $28 from $25.50 and keeps a Neutral rating on the shares. Following 1.5 weeks of Q1 earnings season, results across the firm’s Midwest coverage have been broadly constructive with 5% median EPS upside and Piper’s estimates generally moving slightly higher.