Hancock Whitney price target lowered to $52 from $55 at Piper Sandler

Piper Sandler lowered the firm’s price target on Hancock Whitney to $52 from $55 and keeps an Overweight rating on the shares following quarterly results. The firm is also lowering its 2025 to $4.90 from $5.10. Its changes are reflective of a better net interest margin, which is more than offset by a smaller balance sheet. Guidance was mostly unchanged aside from clarification around the path for PPNR depending on Fed cuts.