Piper Sandler Reiterates Overweight on Merchants Bancorp, Lowers Price Target to $48
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 $56 to $48.
October 30, 2024 | 4:40 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Merchants Bancorp but reduced the price target from $56 to $48, indicating a more cautious outlook.
The reiteration of an Overweight rating suggests continued confidence in MBIN's performance, but the lowered price target indicates a more cautious outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100