Wintrust Financial price target raised to $136 from $131 at Piper Sandler

Piper Sandler analyst Nathan Race raised the firm’s price target on Wintrust Financial (WTFC) to $136 from $131 and keeps an Overweight rating on the shares given expectations for both revenue growth and operating leverage to outpace peers. Aiding this outlook and consistent with management commentary, the firm expects net interest margin stability over the next several quarters via continued superior organic balance sheet growth, its higher beta deposit base, proactive hedging over the past several quarters, and among other factors.