JP Morgan Maintains Underweight on FB Financial, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Underweight rating on FB Financial (NYSE:FBK) and raises the price target from $41 to $43.

April 17, 2024 | 2:21 pm
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JP Morgan analyst Steven Alexopoulos maintains an Underweight rating on FB Financial, raising the price target from $41 to $43.
While the upgrade in price target from $41 to $43 by JP Morgan indicates a slightly more positive outlook on FB Financial's valuation, the maintenance of an Underweight rating suggests continued skepticism about the company's performance prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the positive price target adjustment against the negative rating.
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