Piper Sandler upgraded Amerant Bancorp to Overweight from Neutral with a price target of $26.50, up from $26. The firm sees attractive risk/reward dynamics in the shares post the capital raise. Amerant is “now armed with ample capita to grow rapidly” within its Florida markets as it has now moved through the last stage of its multi-year transformation and into an execution stage, the analyst tells investors in a research note.
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