First Republic Bank Lowered to “Equal Weight” at Evercore Partners (FRC)
First Republic Bank (CNYSE:FRC) was downgraded by research analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, Analyst Ratings News reports.
First Republic Bank (CNYSE:FRC) traded up 0.32% during mid-day trading on Wednesday, hitting $47.53. 76,084 shares of the company’s stock traded hands. First Republic Bank has a 52-week low of $31.42 and a 52-week high of $47.82. The stock’s 50-day moving average is $46.09 and its 200-day moving average is $41.50. The company has a market cap of $6.269 billion and a P/E ratio of 15.28.
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