Raymond James Maintains Outperform on Finance of America, Lowers Price Target to $2.25
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Stephen Laws has maintained an Outperform rating on Finance of America (NYSE:FOA) but lowered the price target from $2.5 to $2.25.
August 30, 2023 | 11:13 am
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Raymond James has maintained an Outperform rating on FOA but lowered the price target from $2.5 to $2.25.
The news is directly about FOA and is important as it comes from a reputable analyst at Raymond James. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100