Piper Sandler Reiterates Overweight on Merchants Bancorp, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Rice has reiterated an Overweight rating on Merchants Bancorp (NASDAQ:MBIN) but has lowered the price target from $58.5 to $56.
May 17, 2024 | 12:59 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Piper Sandler has reiterated an Overweight rating on Merchants Bancorp but lowered the price target from $58.5 to $56. This suggests continued confidence in the stock's performance, albeit with a slightly reduced upside.
The reiteration of the Overweight rating indicates that the analyst still sees positive potential in MBIN, but the lowered price target suggests a tempered outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100