Piper Sandler price target lowered to $145 from $155 at Northland

Northland lowered the firm’s price target on Piper Sandler to $145 from $155 and keeps an Outperform rating on the shares after the company reported Q3 results. The uncertain market outlook and challenging macro backdrop has muted activity across the company’s businesses, but its diversification “continues to prove resilient” and fundamentals remain intact as the firm patiently awaits “the return of more conducive market conditions,” the analyst tells investors.