Janney Montgomery Scott Downgrades First Ntl to Neutral, Announces $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst John Rodis has downgraded First Ntl (NASDAQ:FXNC) from Buy to Neutral and set a price target of $19.

September 12, 2023 | 11:04 am
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First Ntl has been downgraded from Buy to Neutral by Janney Montgomery Scott, with a new price target of $19.
The downgrade from Buy to Neutral by a prominent analyst suggests a less optimistic outlook for the company's stock, which could lead to a decrease in its price in the short term. The new price target of $19 also provides a benchmark that could influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100