Raymond James Maintains Outperform on Merchants Bancorp, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo maintains an Outperform rating on Merchants Bancorp (NASDAQ:MBIN) but lowers the price target from $58 to $55.
October 29, 2024 | 1:32 pm
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NEUTRAL IMPACT
Raymond James has maintained its Outperform rating for Merchants Bancorp but has lowered the price target from $58 to $55, indicating a slightly less optimistic outlook.
The maintenance of an Outperform rating suggests continued confidence in MBIN's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100