How To Earn $500 A Month From First Financial Bancorp Stock
Portfolio Pulse from AJ Fabino
Piper Sandler analyst Brandan Nosal upgraded First Financial Bancorp (NASDAQ:FFBC) from Neutral to Overweight and raised its price target from $23 to $24. The upgrade is based on the bank's strong performance in the recent rate cycle, its substantial presence in Cincinnati and other major Midwest cities, and its history of robust returns across different rate environments. The bank's shares rose nearly 5% following the upgrade.
July 10, 2023 | 7:46 pm
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First Financial Bancorp's stock was upgraded by Piper Sandler analyst Brandan Nosal from Neutral to Overweight, with a raised price target from $23 to $24. This led to a nearly 5% increase in the bank's shares.
The upgrade from Piper Sandler is a positive signal for investors, indicating that the bank is expected to perform well. This led to an increase in the bank's share price, which is likely to continue in the short term. The raised price target also suggests that the bank's shares are undervalued at their current price, providing a potential opportunity for investors.
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