Barclays Financial Target Revisions
Barclays revises price targets and ratings for multiple major financial companies.
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Barclays raised its price target for Hancock Whitney to $85 while maintaining an Overweight rating.
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Barclays raised its price target for Forbright to $24 and kept its Overweight rating.
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Barclays lifted its price target for First Interstate BancSystem to $38, while retaining an Underweight rating.
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Barclays lowered its price target for First American Financial to $79 but maintained its Overweight rating.
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Barclays raised its price target for Eastern Bankshares to $23 while keeping its Equal Weight rating.
Barclays released a broad set of price target changes across financial companies on Benzinga, adjusting outlooks on 12 stocks while mostly keeping its ratings intact. The bank raised targets for most firms, including Hancock Whitney to $85 and Forbright to $24, but lowered First American Financial's target to $79 despite keeping an Overweight rating.
Hancock Whitney and Forbright Get Higher Targets
Barclays raised Hancock Whitney's price target to $85 while maintaining its Overweight rating, signaling confidence in the stock's upside. Forbright received a similar boost, with its target lifted to $24 under the same Overweight rating. Both moves reflect Benzinga's reporting on analyst optimism for these regional banks.
First American Financial Cut Despite Overweight Status
Barclays lowered First American Financial's price target to $79, breaking from its pattern of mostly raising targets. The firm kept an Overweight rating on the stock, suggesting analysts still see upside even at lower valuation expectations. This mixed message reflects uncertainty about the company's near-term performance, according to Benzinga.
Equal Weight Ratings Rise With Target Increases
Four stocks kept Equal Weight ratings while seeing target increases. Eastern Bankshares, Cullen/Frost Bankers, Columbia Banking System, and Bread Financial Holdings all got higher price targets under the same rating, per Benzinga. Eastern Bankshares' target stayed at $23, while Cullen/Frost Bankers sits at $175 and Bread Financial at $110.
Underweight Stock Gets Higher Target Too
First Interstate BancSystem's price target rose to $38, but Barclays kept its Underweight rating on the stock. The move shows analysts see some value in the shares at higher prices, yet still believe the stock will underperform the market. Benzinga covered the shift as part of Barclays' broader financial sector reassessment.
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