Wintrust Financial price target lowered to $80 from $87 at Truist

Truist analyst Brandon King lowered the firm’s price target on Wintrust Financial to $80 from $87 but keeps a Buy rating on the shares. The firm’s revisions primarily reflect lower net interest income and higher expenses, offset partially by lower provisioning, the analyst tells investors in a research note. The firm is also "encouraged" by Wintrust’s recent actions to protect against downside risk to lower rates, coupled with a potentially improving mortgage environment.