StockNews.com initiated coverage on shares of First Merchants ( NASDAQ:FRME – Free Report ) in a report published on Thursday. The firm issued a hold rating on the bank's stock. Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of First Merchants from a b- rating to a c+ rating in a report on Tuesday, May 30th. Piper Sandler increased their price target on shares of First Merchants from $36.00 to $40.00 in a research note on Wednesday, July 26th.

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