SunTrust Robinson Humphrey Initiates FirstMerit With Neutral

Analysts at SunTrust Robinson Humphrey initiated coverage on FirstMerit

with a Neutral rating. The target price for FirstMerit is set to $18. FirstMerit shares have dropped 25.92% over the past 52 weeks, while the S&P 500 index has surged 9.62% in the same period. FirstMerit's shares rose 1.50% to close at $16.95 yesterday.