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.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRME:
- First Merchants price target raised to $52 from $50 at Keefe Bruyette
- First Merchants price target raised to $55 from $52 at Piper Sandler
- First Merchants upgraded to Outperform from Market Perform at Hovde Group
- First Merchants Reports Strong Q4 2024 Earnings
- First Merchants reports Q4 adjusted EPS $1.00, consensus 90c