Wells Fargo Maintains Underweight on First Hawaiian, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Underweight rating on First Hawaiian (NASDAQ:FHB) and lowered the price target from $22 to $20.
October 01, 2024 | 7:26 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on First Hawaiian and reduced the price target from $22 to $20, indicating a bearish outlook.
The maintenance of an Underweight rating and the reduction of the price target by Wells Fargo suggest a negative outlook on First Hawaiian's stock performance. This could lead to a decrease in investor confidence and potential selling pressure, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100