Piper Sandler Reiterates Overweight on First Bank, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Justin Crowley has reiterated an Overweight rating on First Bank (NASDAQ:FRBA) but has lowered the price target from $18 to $17.
October 30, 2024 | 4:37 pm
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NEUTRAL IMPACT
Piper Sandler has reiterated an Overweight rating on First Bank but reduced the price target from $18 to $17, indicating a slightly less optimistic outlook.
The reiteration of an Overweight rating suggests continued confidence in First Bank's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100