NBT Bancorp upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded NBT Bancorp (NBTB) to Overweight from Neutral with an unchanged price target of $47. The share are down 17% year-to-date, underperforming peers, which is unwarranted, the analyst tells investors in a research note. Piper says NBT’s valuation “has gotten sufficiently attractive to justify an upgrade.”