Barclays Initiates Coverage On First Hawaiian with Equal-Weight Rating, Announces Price Target of $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on First Hawaiian (NASDAQ:FHB) with an Equal-Weight rating and sets a price target of $25.
March 08, 2024 | 10:00 am
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NEUTRAL IMPACT
Barclays initiated coverage on First Hawaiian with an Equal-Weight rating and a price target of $25.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides investors with a new professional analysis to consider. However, the Equal-Weight rating suggests that Barclays views FHB's stock as fairly valued at its current price, implying a neutral short-term impact on the stock price. The price target of $25 offers a reference point for valuation but does not suggest significant upside or downside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100