DA Davidson Downgrades First Financial Northwest to Neutral, Announces $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Jeff Rulis downgraded First Financial Northwest (NASDAQ:FFNW) from Buy to Neutral and set a price target of $22. This reflects a change in the firm's outlook on the stock, suggesting a more cautious stance on its future performance.
January 12, 2024 | 12:21 pm
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First Financial Northwest was downgraded by DA Davidson from Buy to Neutral with a price target of $22. This downgrade may lead to a short-term negative sentiment among investors.
Analyst downgrades typically result in negative investor sentiment in the short term as they suggest a less optimistic view of the company's future performance and valuation. The setting of a price target provides a specific expectation for the stock's potential value, which can influence trading behavior.
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