Piper Sandler Downgrades First Guaranty Bancshares to Underweight, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten has downgraded First Guaranty Bancshares (NASDAQ:FGBI) from Neutral to Underweight and lowered the price target from $12 to $9.5.
November 08, 2023 | 10:37 am
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NEGATIVE IMPACT
First Guaranty Bancshares has been downgraded from Neutral to Underweight by Piper Sandler, with a lowered price target from $12 to $9.5.
The downgrade from Neutral to Underweight and the lowering of the price target by Piper Sandler indicates a negative outlook for First Guaranty Bancshares. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100