Piper Jaffray analyst Brett Rabatin lowered his price target for SVB Financial Group to $279 from $289 to reflect his more conservative net interest margin modeling. The analyst, however, thinks that after some anticipated pressure in fiscal Q2, a combination of slower increases in funding costs and a mix shift change in earning assets will be somewhat of an offsetting factor to what is becoming a tougher net interest margin environment for asset-sensitive banks. SVB's growth should still be solid this year despite concerns over a slowdown, Rabatin tells investors in a research note. He keeps an Outperform rating on SVB Financial.