Piper Sandler Maintains Overweight on Merchants Bancorp, Raises Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Nathan Rice maintains an Overweight rating on Merchants Bancorp (NASDAQ:MBIN) and raises the price target from $31 to $38.
July 31, 2023 | 4:38 pm
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Piper Sandler has maintained an Overweight rating on Merchants Bancorp and raised the price target from $31 to $38.
The news is directly related to Merchants Bancorp (MBIN). Piper Sandler's decision to maintain an Overweight rating and raise the price target indicates a positive outlook for the company, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100