Wintrust Financial price target lowered to $150 from $170 at Truist

Truist lowered the firm’s price target on Wintrust Financial (WTFC) to $150 from $170 and keeps a Buy rating on the shares as part of a broader research note on Financials. The firm is updating its models to incorporate the higher cost of equity and thus lower-than-historical multiples that the market is ascribing, the analyst tells investors in a research note.