Barclays Downgrades First Interstate BancSys to Underweight, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has downgraded First Interstate BancSys (NASDAQ:FIBK) from Equal-Weight to Underweight and reduced the price target from $32 to $30.
October 31, 2024 | 11:25 am
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NEGATIVE IMPACT
Barclays has downgraded First Interstate BancSys to Underweight and reduced its price target to $30, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by Barclays suggests a negative outlook on FIBK's stock performance. The reduction in the price target from $32 to $30 further supports this bearish sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100