Piper Sandler analyst Brendan Nosal upgraded Republic Bancorp to Overweight from Neutral with a price target of $51, up from $47. Republic was one of the worst performing banks in Piper’s coverage universe for 2022, down 19.5%, which has resulted in a much more attractive entry point for a bank "with a diverse business model and rich, low-cost deposit base," Nosal tells investors in a research note.
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