JP Morgan Maintains Underweight on FB Financial, Raises Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Alex Lau maintains an Underweight rating on FB Financial (NYSE:FBK) and raises the price target from $29 to $31.
June 29, 2023 | 4:17 pm
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JP Morgan maintains an Underweight rating on FB Financial and raises the price target from $29 to $31.
The Underweight rating maintained by JP Morgan indicates a negative outlook for FB Financial. However, the increase in price target from $29 to $31 suggests that the analyst sees some potential for the stock's price to increase, albeit not significantly. This mixed signal could lead to uncertainty among investors, potentially causing short-term volatility in the stock's price.
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IMPORTANCE 80
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