Raymond James Upgrades First Foundation: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has upgraded its rating for First Foundation (NYSE:FFWM) to Strong Buy, raising the price target from $9.50 to $12.00. Following this upgrade, First Foundation's shares have seen a 5.54% increase over the last 24 hours to $9.72. The new price target suggests a potential upside of 23.46% from the current share price. First Foundation is a financial services company offering investment management, financial planning, and banking services.
January 05, 2024 | 5:00 pm
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Raymond James upgraded First Foundation to Strong Buy and increased the price target to $12.00, which led to a 5.54% rise in the stock price to $9.72.
The upgrade by Raymond James is a strong positive signal for investors, often leading to increased investor confidence and a potential rise in stock price. The significant increase in the price target suggests a bullish outlook for FFWM, which could attract more buyers in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100