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Analysts Offer Insights on Financial Companies: Farmers & Merchants Bancorp (FMAO), First Merchants (FRME) and Truist Financial (TFC)

Tipranks - Tipranks - Fri Jun 26, 6:12AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Farmers & Merchants Bancorp (FMAO), First Merchants (FRME) and Truist Financial (TFC).

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Farmers & Merchants Bancorp (FMAO)

In a report released today, Adam Kroll from Piper Sandler maintained a Hold rating on Farmers & Merchants Bancorp, with a price target of $32.00. The company’s shares closed last Wednesday at $29.53.

According to TipRanks.com, Kroll is a 2-star analyst with an average return of 12.6% and a 100.0% success rate. Kroll covers the Financial sector, focusing on stocks such as Community West Bancshares, Farmers National Banc Oh, and Civista Bancshares. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Farmers & Merchants Bancorp with a $32.00 average price target.

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First Merchants (FRME)

Piper Sandler analyst Nathan Race reiterated a Buy rating on First Merchants today and set a price target of $49.00. The company’s shares closed last Wednesday at $42.59.

According to TipRanks.com, Race is a 5-star analyst with an average return of 13.6% and a 67.4% success rate. Race covers the Financial sector, focusing on stocks such as Enterprise Financial Services, First Mid-Illinois Bancshares, and Southern Missouri Bancorp. ;'>

First Merchants has an analyst consensus of Moderate Buy, with a price target consensus of $49.50, which is a 18.2% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $47.00 price target.

Truist Financial (TFC)

Barclays analyst Jason Goldberg maintained a Sell rating on Truist Financial today and set a price target of $56.00. The company’s shares closed last Wednesday at $49.79.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 14.7% and a 70.0% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, First Citizens BancShares, and Bank of New York Mellon. ;'>

Currently, the analyst consensus on Truist Financial is a Moderate Buy with an average price target of $54.54.

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