JP Morgan Maintains Underweight on First Hawaiian, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Underweight rating on First Hawaiian (NASDAQ:FHB) and lowers the price target from $24 to $23.
October 09, 2024 | 8:24 pm
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NEGATIVE IMPACT
JP Morgan has maintained its Underweight rating on First Hawaiian and reduced the price target from $24 to $23, indicating a bearish outlook.
The maintenance of an Underweight rating and the reduction of the price target by JP Morgan suggest a negative sentiment towards First Hawaiian's stock. This could lead to a short-term decline in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100