Piper Sandler analyst Nathan Race raised the firm’s price target on Wintrust Financial (WTFC) to $160 from $141 and keeps an Overweight rating on the shares. The firm says additional outperformance is expected via the company’s continued superior organic balance sheet growth prospects, largely driven by share gains, above average operating leverage and likely solid future credit quality. Piper also believes Wintrust is among the best positioned Midwest mid-caps for additional bite-sized and well-received M&A among potential sub-scale banks in certain larger MSAs adjacent to its current footprint.
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