Janney Montgomery Scott Downgrades First Commonwealth to Neutral, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott has downgraded First Commonwealth (NYSE:FCF) from Buy to Neutral while raising the price target from $16 to $19.
July 29, 2024 | 11:49 am
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NEUTRAL IMPACT
Janney Montgomery Scott downgraded First Commonwealth from Buy to Neutral, but raised the price target from $16 to $19.
The downgrade from Buy to Neutral suggests a less optimistic outlook on the stock's performance, which could lead to a neutral short-term impact. However, the raised price target to $19 indicates some positive expectations, balancing the overall sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100