Piper Sandler raises Medallion Financial stock price target on capital raise
Piper Sandler raised its price target for Medallion Financial (MFIN) to $12.00 from $10.50, maintaining a Neutral rating. The stock trades near its 52-week high after a 44.6% six-month gain. The firm lowered its 2027 earnings estimate to $1.30 per share due to increased dividend expenses. Medallion Financial announced a $55 million preferred stock offering and a strategic partnership with rFinance Credit Company. The company's Q2 2026 earnings beat estimates, but revenue missed expectations.

