Wedbush Downgrades First Foundation to Neutral, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has downgraded First Foundation (NYSE:FFWM) from Outperform to Neutral and lowered the price target from $7 to $6.
November 03, 2023 | 11:35 am
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First Foundation's stock rating has been downgraded from Outperform to Neutral by Wedbush analyst David Chiaverini. The price target has also been lowered from $7 to $6.
The downgrade from Outperform to Neutral indicates that the analyst believes the stock will perform in line with the market rather than outperform it. The lowering of the price target from $7 to $6 suggests that the analyst sees less upside potential for the stock. Both of these factors could negatively impact the stock's price in the short term.
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