Univest price target raised to $19 from $18 at Piper Sandler

Piper Sandler raised the firm’s price target on Univest to $19 from $18 and keeps a Neutral rating on the shares following quarterly results. The bank is approaching net interest margin stabilization and while the firm has inflection modeled by the second half of 2024, Piper takes a more conservative stance on expansion thereafter given its incorporation of rate cuts.