DA Davidson Upgrades First Bancorp to Buy, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kevin Fitzsimmons has upgraded First Bancorp (NASDAQ:FBNC) from Neutral to Buy, but lowered the price target from $36.5 to $34.
September 14, 2023 | 11:54 am
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First Bancorp's stock rating has been upgraded to Buy by DA Davidson, indicating a positive outlook. However, the price target has been lowered to $34.
The upgrade from Neutral to Buy indicates a positive outlook for First Bancorp's stock. This could potentially attract more investors, driving the stock price up. However, the lowering of the price target might temper this positive impact slightly.
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