Raymond James Upgrades First Foundation to Strong Buy, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long upgraded First Foundation (NYSE:FFWM) from Outperform to Strong Buy and increased the price target from $9.5 to $12.
January 05, 2024 | 1:38 pm
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First Foundation was upgraded by Raymond James from Outperform to Strong Buy, with a price target increase from $9.5 to $12.
Upgrades by analysts, especially to a Strong Buy rating, typically signal confidence in the company's future performance and can lead to increased investor interest and a potential rise in stock price. The raised price target further supports a positive outlook for FFWM.
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IMPORTANCE 90
RELEVANCE 100