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Southern Missouri Bancorp price target raised to $66 from $62 at Piper Sandler

Piper Sandler raised the firm’s price target on Southern Missouri Bancorp (SMBC) to $66 from $62 and keeps an Overweight rating on the shares. Following the quarter, the firm fine-tuned its margin forecast slightly lower, but increased its fee income outlook, reduced expenses and lowered its provision assumptions.

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