Barclays Initiates Coverage On First Interstate BancSys with Equal-Weight Rating, Announces Price Target of $28
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has initiated coverage on First Interstate BancSys (FIBK) with an Equal-Weight rating and set a price target of $28.

March 08, 2024 | 10:07 am
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Barclays initiated coverage on First Interstate BancSys with an Equal-Weight rating and a price target of $28.
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, an Equal-Weight rating suggests that Barclays views FIBK as adequately valued at its current price, implying no significant short-term price movement is expected. The price target of $28 offers a benchmark for future performance evaluation but does not necessarily indicate a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90