Pathward Financial price target lowered to $91 from $94 at Piper Sandler

Piper Sandler lowered the firm’s price target on Pathward Financial (CASH) to $91 from $94 and keeps an Overweight rating on the shares following quarterly results. The gain on the previously announced sale of its insurance premium finance business was slightly higher than a largely offsetting loss taken on the coinciding securities restructuring, Piper adds.