Renasant price target raised to $37 from $36 at Stephens

Stephens raised the firm’s price target on Renasant to $37 from $36 and keeps an Equal Weight rating on the shares. Q4 operating EPS beat consensus, driven by higher net interest income, noted the analyst, who adds that the firm’s forecast assumes steady profitability levels and moderate asset growth that should allow capital levels to build for the remainder of 2024.