Raymond James Maintains Strong Buy on Merchants Bancorp, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo has maintained a Strong Buy rating on Merchants Bancorp (NASDAQ:MBIN) and raised the price target from $41 to $44.
October 30, 2023 | 11:50 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Merchants Bancorp's price target has been raised from $41 to $44 by Raymond James, maintaining a Strong Buy rating.
The news of a price target increase and maintained Strong Buy rating by a reputable analyst from Raymond James is likely to have a positive impact on Merchants Bancorp's stock in the short term. Investors often react positively to such news, which could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100