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

Raymond James analyst Michael Rose raised the firm’s price target on Renasant (RNST) to $44 from $40 and keeps an Outperform rating on the shares. Renasant posted solid Q4 results that exceeded consensus on a core EPS basis, with steady NIM and a lower loan loss provision than forecast, the analyst tells investors in a research note. The firm continues to view risk-reward positively.