Nicolet Bankshares price target raised to $104 from $86 at Piper Sandler

Piper Sandler raised the firm’s price target on Nicolet Bankshares to $104 from $86 and keeps a Neutral rating on the shares. The firm notes the company posted strong Q2 results across the board that included 15% PPNR upside with outperformance across net interest income, core fee income and operating expenses.