Wells Fargo Downgrades First Hawaiian to Underweight, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jared Shaw has downgraded First Hawaiian (NASDAQ:FHB) from Equal-Weight to Underweight and set a price target of $18.
January 05, 2024 | 11:30 am
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First Hawaiian was downgraded by Wells Fargo from Equal-Weight to Underweight with a price target of $18.
Downgrades by analysts can lead to a negative perception among investors and potential selling pressure. The new price target of $18 suggests a bearish outlook on the stock's value, which could influence the stock price to move downward in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100