Wintrust Financial price target raised to $161 from $160 at Piper Sandler

Piper Sandler analyst Nathan Race raised the firm’s price target on Wintrust Financial (WTFC) to $161 from $160 and keeps an Overweight rating on the shares. The firm sees multiple expansion above peers likely to unfold via continued superior organic balance sheet growth largely driven by share gains, its defensible and respectable profitability outlook, and as future credit quality should remain solid. Piper also believes management’s primary focus of executing strong organic balance sheet growth across WTFC’s long runway for additional share gains will likely preclude an acquisition distraction.