Capitol Federal price target raised to $6.50 from $6 at Piper Sandler

Piper Sandler raised the firm’s price target on Capitol Federal to $6.50 from $6 and keeps a Neutral rating on the shares. The firm is updating its model following management’s guidance for compensation costs to rise roughly $5M this fiscal year due to higher incentive comp, merit increases, the filling of vacant positions and a reduction in capitalized payroll costs.