Piper Sandler lowered the firm’s price target on First Merchants (FRME) to $47 from $50 and keeps an Overweight rating on the shares. The firm remains bullish on the name given its solid 2025 operating leverage outlook via a restoration of mid-single digit organic loan growth that should help keep its net interest margin relatively stable as well as continued strong cost controls following recent proactive re-allocations that should help drive both market share and efficiency gains.
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Read More on FRME:
- First Merchants reports Q3 adjusted EPS 95c, consensus 90c
- FRME Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
