Piper Sandler raised the firm’s price target on Prosperity Bancshares to $75 from $74 and keeps a Neutral rating on the shares. The firm notes the company’s strong Q1 results for both Prosperity Bancshares (PB) and Stellar Bancorp (STEL), but says the lack of forward growth holds back estimates. The pending acquisition of Stellar remains the main story line at Prosperity, adds Piper.
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