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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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