Old Second Bancorp price target raised to $19.50 from $18 at Piper Sandler

Piper Sandler raised the firm’s price target on Old Second Bancorp to $19.50 from $18 and keeps an Overweight rating on the shares. The firm came away from Q2 with greater conviction that management’s relatively early identification of problem loans and Old Second Bancorp’s improving credit quality narrative is panning out, the analyst tells investors in a research note.