tiprankstipranks
Trending News
More News >

Keefe Bruyette says own Renasant shares into 2025

Keefe Bruyette analyst Catherine Mealor recommends investors own Renasant (RNST) into 2025 and names the stock a “Holiday Opportunity.” The firm keeps an Outperform rating on the name with a $45 price target. The First Bancshares (FBMS) deal will help drive profitability improvement and solidifies Renasant’s “best-in-class” balance sheet with manageable commercial real estate, “strong” liquidity, and high levels of capital to leverage for growth, the analyst tells investors in a research note. Keefe is also attracted to the stock’s relative value and believes the underperformance versus other deal stocks “presents a compelling way to play the ‘buy the buyers’ theme into 2025.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue