Pacific Premier price target lowered to $25 from $27 at Wedbush

Wedbush lowered the firm’s price target on Pacific Premier (PPBI) to $25 from $27 and keeps a Neutral rating on the shares. Pacific Premier reported a mixed quarter, and provided a net negative near-term guidance update, with a more confident outlook for 2025, the analyst tells investors in a research note. The firm believes Pacific Premier’s outlook is appropriately reflected in its premium valuation.