Mercantile Bank (MBWM) saw its stock price surge 5.27% during Wednesday's intraday trading session. The significant movement followed a positive analyst action earlier in the day.
Piper Sandler raised its price target on Mercantile Bank to $57 from $55.50, while maintaining a Neutral rating on the shares. The upward revision in the price target reflects the firm's adjusted valuation expectations for the bank, contributing to the stock's bullish momentum.
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