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RNST
Benzinga
201 days

These Analysts Boost Their Forecasts On Renasant Following Better-Than-Expected Q4 Earnings

1. RNST reported Q4 earnings at 73 cents, beating estimates of 60 cents. 2. Q4 sales of $167.10 million slightly missed $167.42 million estimates. 3. CEO highlighted successful merger planning with The First and organic growth focus. 4. Analysts raised price targets to a range of $44 to $46 post-earnings. 5. Shares closed at $37.85, indicating potential upward momentum.

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FAQ

Why Bullish?

Strong earnings beat indicates positive operational performance. Analysts' price target increases reflect confidence in RNST.

How important is it?

Earnings announcement impacts investor sentiment and stock price directly.

Why Short Term?

Recent earnings and analyst upgrades likely to influence price in the immediate future, as seen in previous earnings announcements leading to price jumps.

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