Piper Sandler cuts Bank of Hawaii stock PT on margin concerns By Investing.com

On Tuesday, Piper Sandler adjusted its outlook on Bank of Hawaii (NYSE: BOH), reducing the price target to $60 from $65, while retaining a Neutral rating on the stock.The adjustment follows a detailed analysis of the bank’s financial model, which anticipates narrower net interest margins and a reduced size of earning assets, leading to lower net interest income (NII). Additionally, the bank is…