Zacks Research Upgrades Forbright (NASDAQ:FRBT) to Hold

by · The Markets Daily

Forbright (NASDAQ:FRBT – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

FRBT has been the topic of several other research reports. Barclays started coverage on shares of Forbright in a research note on Monday. They set an “overweight” rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Forbright in a research report on Monday. They set a “neutral” rating and a $21.00 price target on the stock. Wells Fargo & Company began coverage on shares of Forbright in a research report on Monday. They issued an “overweight” rating and a $21.00 price objective for the company. TD Cowen assumed coverage on shares of Forbright in a research report on Monday. They issued a “buy” rating for the company. Finally, Piper Sandler initiated coverage on Forbright in a research note on Monday. They set a “neutral” rating and a $21.50 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Forbright has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

View Our Latest Report on FRBT

Forbright Stock Performance

Shares of NASDAQ FRBT opened at $19.37 on Tuesday. Forbright has a 1 year low of $17.48 and a 1 year high of $21.50.

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