Raymond James Downgrades Business First Bancshares to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has downgraded Business First Bancshares (NASDAQ:BFST) from Outperform to Market Perform, indicating a change in the bank's stock outlook.
January 05, 2024 | 2:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Business First Bancshares was downgraded by Raymond James from Outperform to Market Perform, which may lead to a negative perception among investors and could impact the stock's performance.
Downgrades by analysts can lead to a decrease in investor confidence and can result in a short-term decline in the stock price. Given that the downgrade is from Outperform to Market Perform, it suggests a neutral outlook, which might lead to some investors reconsidering their positions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100