National Bank price target raised to $41 from $40 at Piper Sandler

Piper Sandler analyst Andrew Liesch raised the firm’s price target on National Bank to $41 from $40 and keeps an Overweight rating on the shares. Changes to the firm’s model include a thinner margin outlook, but this is offset by a larger earning asset base than it previously modeled and as such, Piper is increasing its net interest income forecast.