WSFS Financial assumed with a Neutral at Piper Sandler

Piper Sandler assumed coverage of WSFS Financial (WSFS) with a Neutral rating and $62 price target In a time of some building market optimism for banks, the analyst is assuming coverage of five more regional banks. Piper highlights a positive earnings backdrop. The firm bases its forecast through 2027 on its expectations for a steady march lower by the Federal Reserve in short-term rates, a modest steepening in the yield curve, and a solid economic backdrop for growth and credit.