Piper Sandler Maintains Overweight on First Bancorp, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten maintains an Overweight rating on First Bancorp (NASDAQ:FBNC) but lowers the price target from $34 to $32.
October 26, 2023 | 4:34 pm
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Piper Sandler has maintained an Overweight rating on First Bancorp but lowered the price target from $34 to $32.
The news is directly about First Bancorp. Piper Sandler's decision to maintain an Overweight rating indicates a positive outlook for the company. However, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
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IMPORTANCE 80
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