Raymond James downgraded Merchants Bancorp to Outperform from Strong Buy with a price target of $58, up from $55. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MBIN: Merchants Bancorp Reports Second Quarter 2024 Results MBIN Earnings this Week: How Will it Perform? Disclaimer & DisclosureReport an Issue