Piper Sandler Maintains Overweight on First Merchants, Raises Price Target to $42.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Scott Siefers maintains an Overweight rating on First Merchants (NASDAQ:FRME) and raises the price target from $41 to $42.5.
April 29, 2024 | 1:10 pm
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Piper Sandler maintains an Overweight rating on First Merchants and raises the price target to $42.5.
The upgrade in the price target by Piper Sandler, a reputable financial firm, suggests a positive outlook on First Merchants' stock. This is likely to instill confidence among investors, potentially driving up the stock price in the short term. The specific mention of FRME and the adjustment of the price target are direct indicators of the stock's expected performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100