JMP Securities Maintains Market Outperform on Piper Sandler, Lowers Price Target to $170
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Trevor Walsh maintains a Market Outperform rating on Piper Sandler (NYSE:PIPR) but lowers the price target from $174 to $170.
July 10, 2023 | 12:57 pm
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NEUTRAL IMPACT
Piper Sandler's price target has been lowered from $174 to $170 by JMP Securities, though the Market Outperform rating is maintained.
While the lowering of the price target might be seen as a negative signal, the maintenance of the Market Outperform rating indicates that JMP Securities still sees potential in Piper Sandler. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100