Forbright (NASDAQ:FRBT) Raised to “Hold” at Wall Street Zen

Forbright (NASDAQ:FRBTGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group began coverage on Forbright in a report on Monday, July 6th. They set a “buy” rating and a $23.50 target price for the company. Zacks Research raised shares of Forbright to a “hold” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. assumed coverage on shares of Forbright in a research note on Monday, July 6th. They set a “neutral” rating and a $21.00 target price on the stock. TD Cowen assumed coverage on shares of Forbright in a report on Monday, July 6th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company began coverage on shares of Forbright in a research note on Monday, July 6th. They issued an “overweight” rating and a $21.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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Forbright Price Performance

NASDAQ:FRBT opened at $19.64 on Monday. Forbright has a 52 week low of $17.48 and a 52 week high of $22.00.

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Analyst Recommendations for Forbright (NASDAQ:FRBT)

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