Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Damon Delmonte has reiterated an Outperform rating on Mercantile Bank (NASDAQ:MBWM) and raised the price target from $47 to $51.

July 17, 2024 | 2:39 pm
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Keefe, Bruyette & Woods has reiterated an Outperform rating on Mercantile Bank and increased the price target from $47 to $51, indicating confidence in the bank's future performance.
The reiteration of an Outperform rating and the increase in the price target from $47 to $51 by a reputable analyst firm suggests positive sentiment and confidence in Mercantile Bank's future performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100