Forbright (NASDAQ:FRBT – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Monday.
Several other research analysts have also commented on FRBT. Piper Sandler started coverage on shares of Forbright in a research note on Monday, July 6th. They set a “neutral” rating and a $21.50 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Forbright in a research note on Monday, July 6th. They issued a “buy” rating and a $23.50 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Forbright in a report on Monday, July 6th. They issued a “neutral” rating and a $21.00 target price for the company. Zacks Research raised shares of Forbright to a “hold” rating in a research note on Tuesday, July 7th. Finally, TD Cowen started coverage on shares of Forbright in a report on Monday, July 6th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Forbright presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.
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