Wintrust Financial price target lowered to $141 from $145 at Piper Sandler

Piper Sandler analyst Nathan Race lowered the firm’s price target on Wintrust Financial (WTFC) to $141 from $145 and keeps an Overweight rating on the shares following strong Q1 results that underscored its more durable and high-quality organic growth prospects on both balance sheet sides, as well as management’s commitment to generating above average operating leverage. As evidenced in Q1, Piper also anticipates management’s more measured approach toward operating expense growth will remain an ongoing and welcomed component to Wintrust’s story going forward.