National Bank price target raised to $48 from $44 at Piper Sandler

Piper Sandler raised the firm’s price target on National Bank (NBHC) to $48 from $44 and keeps a Neutral rating on the shares. Following the quarter, the firm’s notable model updates include a stronger margin forecast, a slightly smaller earning asset base, stronger fee income, modestly higher expenses and slightly lower provisions and charge-offs.