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South Plains Financial cut to Neutral at Piper Sandler after recent rally (SPFI:NASDAQ)

Piper Sandler downgraded South Plains Financial (NASDAQ:SPFI), the Lubbock, Texas-based parent of City Bank, to Neutral from Overweight after the stock's year-to-date outperformance. The firm posted a Q3 core EPS beat and pretax preprovision net revenue that exceeded consensus, helped by ...