Unity Bancorp price target raised to $61 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Unity Bancorp (UNTY) to $61 from $60 and keeps an Overweight rating on the shares. The firm notes Unity helped kick off community bank earnings with a solid earnings beat, and Piper once again finds itself raising numbers on what has been a consistent outperformer. The firm viewed the quarter quite favorably with the bank continuing to showcase its top-tier return profile.