Raymond James Downgrades First Bancorp to Market Perform
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Daniel Tamayo has downgraded First Bancorp (NASDAQ:FBNC) from Outperform to Market Perform.
July 31, 2023 | 10:53 am
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First Bancorp has been downgraded by Raymond James from Outperform to Market Perform, which may impact its stock price.
Analyst ratings often influence the stock price. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will not outperform the market anymore, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100