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Fly News Breaks for April 8, 2019
FRME
Apr 8, 2019 | 16:12 EDT
Raymond James analyst David Long started First Merchants Bancorp with an Outperform rating and $42 price target, calling it a "well-managed" community bank poised to maintain above-peer profitability metrics. He forecasts a modest improvement in First Merchants' efficiency ratio in 2019 and 2020 despite headwinds to NIM expansion from a flat-to-declining rate environment, Long said.
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