Piper Sandler Maintains Overweight on First Merchants, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Race maintains an Overweight rating on First Merchants (NASDAQ:FRME) but lowers the price target from $50 to $47.
October 28, 2024 | 2:57 pm
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Piper Sandler has maintained an Overweight rating on First Merchants but reduced the price target from $50 to $47, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in First Merchants, but the lowered price target indicates a tempered outlook, likely leading to a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100