Piper Sandler initiates Mid Penn Bancorp stock with overweight rating
Piper Sandler initiated coverage on Mid Penn Bancorp (NASDAQ:MPB) with an overweight rating and a $42 price target. The bank's stock trades at $36.17, with projected earnings growth of 6.5% in 2025, 7.5% in 2026, and 19% in 2027. The firm expects improved returns and a 19% total return to its target.
