Piper Sandler Maintains Overweight on First Merchants, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Scott Siefers has maintained an Overweight rating on First Merchants (NASDAQ:FRME) but lowered the price target from $38 to $36.

October 30, 2023 | 4:19 pm
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Piper Sandler has maintained an Overweight rating on First Merchants but lowered the price target from $38 to $36.
The news is directly about First Merchants. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this news.
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RELEVANCE 100