United Community Banks price target lowered to $28 from $29 at Piper Sandler

Piper Sandler lowered the firm’s price target on United Community Banks (UCB) to $28 from $29 and keeps a Neutral rating on the shares following Q3 earnings. The firm thinks that additional upside to estimates would most likely come on a higher-than-expected net interest margin. Piper told investors that it sees this story as a “steady” one, but does not see any clear catalyst right now to take estimates or the shares meaningfully higher.