Stephens & Co. Maintains Overweight on First Mid Bancshares, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy has maintained an Overweight rating on First Mid Bancshares (NASDAQ:FMBH) but has reduced the price target from $40 to $38.
January 30, 2024 | 4:35 pm
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NEUTRAL IMPACT
Stephens & Co. maintains an Overweight rating on First Mid Bancshares but lowers the price target from $40 to $38, indicating a positive outlook with a slightly reduced growth expectation.
While the Overweight rating suggests that Stephens & Co. believes FMBH will outperform the market or its sector, the reduction in the price target could imply a tempered expectation for growth or a response to market conditions. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100