Wintrust Financial price target raised to $188 from $184 at Piper Sandler

Piper Sandler analyst Nathan Race raised the firm’s price target on Wintrust Financial (WTFC) to $188 from $184 and keeps an Overweight rating on the shares. The firm remains bullish on Wintrust, with additional outperformance expected via likely upside to unchanged mid-to-high single digit organic balance sheet and net interest income growth guidance as well as stable net interest margin expectations under a potentially “higher-for-longer” rate environment.