Yahoo Finance

Piper Sandler lowered the firm’s price target on Merchants Bancorp (MBIN) to $48 from $56 and keeps an Overweight rating on the shares. The firm believes Merchants Bancorp’s 17% underperformance is well overdone given that it does not expect meaningful NCOs to emerge following recent problem loan increases and based on several factors.

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Read More on MBIN:

• Merchants Bancorp price target lowered to $55 from $58 at Raymond James

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• NINGI Research short Merchants Bancorp, sees potential liquidity problem

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