JP Morgan Maintains Overweight on First Citizens BancShares, Lowers Price Target to $2300
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Elian maintains an Overweight rating on First Citizens BancShares (NASDAQ:FCNCA) but lowers the price target from $2550 to $2300.
October 25, 2024 | 3:46 pm
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JP Morgan has maintained its Overweight rating on First Citizens BancShares but has lowered the price target from $2550 to $2300, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook, likely due to changing market conditions or company performance expectations. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
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