Stephens & Co. Downgrades First Busey to Equal-Weight, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. has downgraded First Busey (NASDAQ:BUSE) from Overweight to Equal-Weight and reduced the price target from $28 to $27.
October 14, 2024 | 12:58 pm
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NEGATIVE IMPACT
Stephens & Co. downgraded First Busey from Overweight to Equal-Weight and reduced the price target from $28 to $27, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight suggests a less favorable view of First Busey's stock performance. The reduction in the price target from $28 to $27 indicates a lower expected valuation, which could lead to short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100