Wintrust Financial price target lowered to $137 from $150 at Truist

Truist analyst Brian Foran lowered the firm’s price target on Wintrust Financial (WTFC) to $137 from $150 and keeps a Buy rating on the shares as part of a broader research note on Consumer Finance names. The firm is updating its models after Q1 results, noting that while it is positive on the company’s net interest margin and improving credit, its reduced earnings multiple is set to reflect a higher recession risk, the analyst tells investors in a research note.