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Fly News Breaks for January 29, 2016
FRME
Jan 29, 2016 | 07:25 EDT
Stephens analyst Erik Zwick upgraded First Merchants to Overweight from Equal Weight as he believes its 14% year-to-date selloff has been overdone and that the company earnings power will be increased once the cost savings from its most recent acquisition are realized. Zwick set a $27 price target on First Merchants shares.
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