MBWM: Analyst Opinion for Mercantile Bank Corporation - Yahoo! Finance

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Analyst Opinion	Get Analyst Opinion for:

RECOMMENDATION SUMMARY*

Mean Recommendation (this week):	2.8
Mean Recommendation (last week):	2.8
Change:	0.0

* (Strong Buy) 1.0 - 5.0 (Sell)

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PRICE TARGET SUMMARY

Mean Target:	5.25
Median Target:	5.25
High Target:	5.50
Low Target:	5.00
No. of Brokers:	2

Data provided by Thomson/First Call

UPGRADES & DOWNGRADES HISTORY

Date	Research Firm	Action	From	To
15-Jan-09	Stifel Nicolaus	Downgrade	Buy	Hold
19-Mar-08	Stifel Nicolaus	Upgrade	Hold	Buy
13-Apr-07	Stifel Nicolaus	Downgrade	Buy	Hold
30-Aug-06	Stifel Nicolaus	Upgrade	Hold	Buy
17-Apr-06	RBC Capital Mkts	Initiated		Outperform
13-Apr-06	Friedman Billings	Upgrade	Mkt Perform	Outperform
20-Dec-05	Ryan, Beck & Co	Upgrade	Mkt Perform	Outperform
11-Oct-05	Friedman Billings	Downgrade	Outperform	Mkt Perform
4-Aug-05	Oppenheimer	Upgrade	Sell	Neutral
3-Aug-05	Ryan, Beck & Co	Downgrade	Outperform	Mkt Perform

More Upgrades & Downgrades for MBWM

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RECOMMENDATION TRENDS

	Current Month	Last Month	Two Months Ago	Three Months Ago
Strong Buy	0	0	0	0
Buy	1	1	1	1
Hold	3	3	3	4
Underperform	0	0	0	0
Sell	0	0	0	0

Data provided by Thomson/First Call

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