Stephens & Co. Maintains Overweight on First Bancshares, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on First Bancshares (NASDAQ:FBMS) but lowers the price target from $32 to $29.

October 27, 2023 | 2:38 pm
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NEGATIVE IMPACT
First Bancshares' price target has been lowered from $32 to $29 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. indicates a potential decrease in the short-term value of First Bancshares' stock. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100