Business First Bancshares price target raised to $23 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on Business First Bancshares to $23 from $22 and keeps an Overweight rating on the shares. The firm updated its 2023/2024 estimates after Q3 results, noting that its estimates feature slightly lower NII and higher LLPs, which are mostly offset by better expense control.