Piper Sandler Reiterates Overweight on Merchants Bancorp, Raises Price Target to $58.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Rice has reiterated an Overweight rating on Merchants Bancorp (NASDAQ:MBIN) and increased the price target from $53 to $58.5.
May 03, 2024 | 1:41 pm
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Piper Sandler has reaffirmed an Overweight rating on Merchants Bancorp and raised the price target to $58.5.
The reiteration of an Overweight rating combined with an increase in the price target by a reputable analyst firm like Piper Sandler typically signals a strong bullish sentiment towards the stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100