NBT Bancorp price target lowered to $41 from $42 at Piper Sandler

Piper Sandler lowered the firm’s price target on NBT Bancorp to $41 from $42 and keeps an Overweight rating on the shares. The firm notes NBT reported a mixed quarter in its first full quarter post-merger. While the results do reset EPS expectations lower for this year, the overall thesis on NBT remains intact, Piper argues.