Piper Sandler price target raised to $160 from $135 at Northland

Northland analyst Mike Grondahl raised the firm’s price target on Piper Sandler to $160 from $135 and keeps an Outperform rating on the shares after the company reported Q4 adjusted revenue and EPS that beat the firm’s forecasts and "finished 2022 with its strongest quarter of the year." 2022 was "a solid year" in terms of execution, said Northland, which adds that Piper "continues to prove resilient against the challenging macro backdrop."