Raymond James raised the firm’s price target on First Merchants (FRME) to $50 from $42 and keeps an Outperform rating on the shares. First Merchants had a strong quarter, featuring solid loan and deposit growth, better fee performance, net interest margin that surpassed estimates, and improving credit costs, the analyst tells investors in a research note.
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Read More on FRME:
- First Merchants price target raised to $52 from $50 at Keefe Bruyette
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- First Merchants upgraded to Outperform from Market Perform at Hovde Group
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