Wells Fargo Sticks to Their Buy Rating for Forbright (FRBT)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Rob Rutschow maintained a Buy rating on Forbright (FRBT) with a $22 price target on August 7, while shares closed at $19.08. The broader analyst consensus is a Moderate Buy with an average target of $22.83. Additionally, Goldman Sachs maintained a Buy rating with a $23.50 target in late July.
Wells Fargo analyst Rob Rutschow maintained a Buy rating on Forbright on August 7 and set a price target of $22.00. The company’s shares closed last Friday at $19.08.
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According to TipRanks, Rutschow is a 3-star analyst with an average return of 18.3% and a 90.00% success rate. Rutschow covers the Financial sector, focusing on stocks such as First Horizon, Pinnacle Financial Partners, and Popular.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forbright with a $22.83 average price target, which is a 19.65% upside from current levels. In a report released on July 31, Goldman Sachs also maintained a Buy rating on the stock with a $23.50 price target.