Wintrust Financial price target lowered to $92 from $93 at Piper Sandler

Piper Sandler analyst Nathan Race lowered the firm’s price target on Wintrust Financial to $92 from $93 and keeps an Overweight rating on the shares. The company’s net interest margin guidance disappointed with the increasingly difficult deposit pricing environment, the analyst tells investors in a research note. However, the firm still likes Wintrust’s "unique positioning to profitably grow."