Raymond James Maintains Outperform on Finance of America, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Stephen Laws has maintained an Outperform rating on Finance of America (NYSE:FOA) but reduced the price target from $2.25 to $2.

November 17, 2023 | 1:18 pm
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Raymond James has maintained an Outperform rating on Finance of America but lowered its price target from $2.25 to $2.
The reduction in price target by Raymond James, despite maintaining an Outperform rating, could lead to a negative perception among investors, potentially causing a short-term dip in FOA's stock price. The Outperform rating suggests a positive long-term outlook, but the immediate reaction to a lower price target is typically negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100