Piper Sandler raised the firm’s price target on Veritex to $25 from $23.50 and keeps an Overweight rating on the shares. The firm notes shares underperformed on Wednesday, but have recovered off of the lows since the bank hosted its Q4 earnings call. Piper believes that the recovery was largely driven by the transparent credit commentary, and some details that signal some metrics of concern have already improved since quarter-end.
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