Janney Montgomery Scott initiated coverage of Trustmark (TRMK) with a Buy rating and $42 fair value estimate. Trustmark should generate a 1.00% return on assets or better, with 9%-10% annual tangible book value per share growth in both 2025 and 2026, the analyst tells investors in a research note. The firm believes external expansion is possible through M&A, although organic growth is most likely in the near-term.
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