Wedbush Downgrades First Citizens BancShares to Neutral, Lowers Price Target to $2150
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has downgraded First Citizens BancShares (NASDAQ:FCNCA) from Outperform to Neutral and reduced the price target from $2450 to $2150.
September 24, 2024 | 11:50 am
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Wedbush has downgraded First Citizens BancShares from Outperform to Neutral, with a reduced price target of $2150, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by a reputable analyst like Wedbush suggests a less favorable view on FCNCA's future performance. The significant reduction in the price target from $2450 to $2150 further supports a bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100