Credit Suisse Reinstates Neutral on Finance of America, Announces $2 Price Target
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Douglas Harter has reinstated Finance of America (NYSE:FOA) with a Neutral rating and announced a $2 price target.

August 16, 2023 | 12:28 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Finance of America has been reinstated with a Neutral rating by Credit Suisse, with a price target of $2.
The reinstatement of Finance of America by Credit Suisse with a Neutral rating indicates that the bank sees the stock as fairly valued at current levels. The $2 price target suggests that Credit Suisse does not expect significant price movement in the near term. This could lead to a neutral or slightly negative short-term impact on the stock as investors may see limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100