Westamerica price target raised to $57 from $50 at Piper Sandler

Piper Sandler raised the firm’s price target on Westamerica to $57 from $50 and keeps a Neutral rating on the shares. Westamerica’s Q2 EPS topped the firm’s estimates and did not report a provision, supported by excellent credit metrics, and fee income was slightly better than expected, the analyst tells investors in a research note.