Wells Fargo Downgrades First Interstate BancSys to Underweight, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has downgraded First Interstate BancSys (NASDAQ:FIBK) from Equal-Weight to Underweight and reduced the price target from $30 to $28.
October 01, 2024 | 2:18 pm
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Wells Fargo has downgraded First Interstate BancSys to Underweight and reduced its price target to $28, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on FIBK's performance. The reduction in price target further supports this bearish sentiment, likely leading to a short-term decline in stock price.
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