Stephens analyst Matt Olney upgraded Renasant (RNST) to Overweight from Equal Weight with a price target of $41, up from $34, after the bank announced the acquisition of First Bancshares (FBMS) in a transaction that will represent the company’s largest M&A deal in its history and its first bank M&A announcement since 2018. The deal is expected to drive improving probability due to additional scale and density around its existing footprint, the analyst tells investors.
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