FirstSun Capital initiated with an Overweight at Piper Sandler

Piper Sandler initiated coverage of FirstSun Capital (FSUN) with an Overweight rating and $51 price target The bank is well positioned to build upon its low market share with incentives aligned by region and integrated lines of business, the analyst tells investors in a research note. The firm sees stronger growth prospects for FirstSun given its ability to gain share in “more dynamic” markets.