Piper Sandler lowered the firm’s price target on Pathward Financial to $59 from $63 and keeps an Overweight rating on the shares. The analyst views the recent pullback in the shares as an opportunity for investors. Pathward has almost no effective uninsured components and little potential for "run dynamics," the analyst tells investors in a research note. With continued strength in nominal consumer spend, the company also continues to see deposit inflows versus broader industry outflows, says Piper.
Published first on TheFly
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