Piper Sandler raised the firm’s price target on Sandy Spring Bancorp to $27 from $24 and keeps a Neutral rating on the shares. While it was a PPNR miss this quarter, management’s guide for net interest margin inflection, a pick-up in loan growth, and flat expenses resulted in not much change to the firm’s 2024 EPS estimate, and a modest improvement in its 2025 outlook.
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