Piper Sandler lowered the firm’s price target on First Western Financial (MYFW) to $22.50 from $23, which reflects 10.5-turns the firm’s 2026 EPS and modestly below fee-heavy revenue peers based on its credit overhang, weaker profitability, and despite its ability to gain share in more dynamic markets with a relatively large wealth management platform. Piper keeps a Neutral rating on the shares.
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