Stephens & Co. Reiterates Equal-Weight on Farmers & Merchants, Maintains $24 Price Target
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Terry McEvoy has reiterated an Equal-Weight rating on Farmers & Merchants (NASDAQ:FMAO) and maintained a $24 price target.
August 04, 2023 | 9:14 am
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Stephens & Co. has reiterated an Equal-Weight rating on Farmers & Merchants, maintaining a $24 price target.
The news is directly about Farmers & Merchants (FMAO). The reiteration of an Equal-Weight rating and maintenance of the $24 price target by Stephens & Co. suggests that the analyst sees the stock as fairly valued at current levels. This is likely to have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100