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Renasant price target lowered to $40 from $44 at Raymond James

Raymond James lowered the firm’s price target on Renasant (RNST) to $40 from $44 and keeps an Outperform rating on the shares. The key tenants of the firm’s upgrade post-deal announcement with First Bancshares (FBMS) where the combined company is poised to generate top quartile performance when fully phased in are intact, the analyst tells investors in a research note.

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