Raymond James Maintains Strong Buy on Merchants Bancorp, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo has reaffirmed a Strong Buy rating on Merchants Bancorp (NASDAQ:MBIN) and increased the price target from $44 to $55.
January 30, 2024 | 2:04 pm
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Raymond James analyst Daniel Tamayo maintains a Strong Buy rating on Merchants Bancorp and raises the price target from $44 to $55.
The increase in price target by Raymond James reflects a positive outlook on Merchants Bancorp's future performance. This endorsement from a reputable analyst is likely to instill confidence in investors and could lead to a short-term increase in the stock price. The Strong Buy rating emphasizes the analyst's conviction in the stock's potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100