Piper Sandler upgrades Alerus Financial stock rating on growth outlook
Piper Sandler upgraded Alerus Financial (ALRS) to Overweight, raising its price target to $38.00. The firm cited growth prospects and earnings upside. ALRS trades at $31.73, up 44% YTD. Q2 2026 earnings and revenue beat estimates, with strong net interest income and fee revenue. Raymond James also raised its target to $37.




