Keefe, Bruyette & Woods Downgrades First Bancshares to Market Perform, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Catherine Mealor downgraded First Bancshares (NASDAQ:FBMS) from Outperform to Market Perform and set a price target of $28.
January 26, 2024 | 10:44 am
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First Bancshares was downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform with a new price target of $28.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $28 also provides a benchmark that may influence investor expectations and stock valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100