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Firstmerit Corporation (FMER) [hlAlert]

Rating:
Buy FMER
up 2.53 %

Firstmerit Corporation (FMER) upgraded to Buy with price target $21 by Stifel Nicolaus

Posted on: Monday,  Mar 7, 2011  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Firstmerit Corporation (NASDAQ: FMER) on 03/07/2011, when the stock price was $17.35. Since
then, Firstmerit Corporation has gained 2.54% as of 01/28/2016's recent price of $17.79.
If you would have followed this Stifel Nicolaus's recommendation on FMER, you would have gained 2.53% of your investment in 1788 days.

FirstMerit Corporation (FirstMerit) is a bank holding company. FirstMerit?s principal business consists of owning and supervising its affiliates. Through its subsidiaries, the Company operates primarily as a line of business banking organization, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout northern and central Ohio, and western Pennsylvania. The Company?s major lines of business are commercial, retail, wealth and other. FirstMerit?s banking subsidiary is FirstMerit Bank, N.A (FirstMerit Bank). As of December 31, 2008, FirstMerit Bank operated a network of 163 full service banking offices and 188 automated teller machines.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/7/2011 8:25 AM Buy
None
17.35 21.00
as of 12/30/2011
1 Week down  -2.00 %
1 Month up  3.55 %
3 Months up  33.18 %
1 YTD down  -12.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/21/2009 8:25 AM Hold
None
20.27

(*) Stock Price at the time of the recommendation.
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