Raymond James Maintains Outperform on First Merchants, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo has maintained an Outperform rating on First Merchants (NASDAQ:FRME) and increased the price target from $33 to $40.
January 29, 2024 | 2:08 pm
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Raymond James analyst Daniel Tamayo maintains an Outperform rating on First Merchants and raises the price target from $33 to $40.
The increase in price target by Raymond James reflects a positive outlook on First Merchants, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100