Sandy Spring Bancorp price target lowered to $27 from $31 at Piper Sandler

Piper Sandler analyst Casey Orr Whitman lowered the firm’s price target on Sandy Spring Bancorp to $27 from $31 and keeps a Neutral rating on the shares post the Q1 results. The bank’s guidance over the next few quarters has been reset lower on revenues but with some offset with immediate expense actions it is taking, the analyst tells investors in a research note.