HomeStreet price target raised to $10 from $7 at Piper Sandler

Piper Sandler analyst Matthew Clark raised the firm’s price target on HomeStreet to $10 from $7 and keeps a Neutral rating on the shares. Profitability is under “significant pressure” and, with its latest guidance that includes a “slightly decreasing NIM and “slightly increasing” NIE, the firm believes it may be difficult for the company to remain profitable.