TD Cowen Begins Coverage on Forbright (NASDAQ:FRBT)

Research analysts at TD Cowen started coverage on shares of Forbright (NASDAQ:FRBT) in a research report issued on Monday. The brokerage set a “buy” rating on the stock.

A number of other equities analysts also recently commented on FRBT. Wall Street Zen raised shares of Forbright to a “hold” rating in a report on Saturday, June 20th. Barclays assumed coverage on shares of Forbright in a report on Monday. They set an “overweight” rating and a $23.00 target price on the stock. Piper Sandler assumed coverage on shares of Forbright in a research report on Monday. They issued a “neutral” rating and a $21.50 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Forbright in a report on Monday. They issued a “buy” rating and a $23.50 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of Forbright in a report on Monday. They issued an “overweight” rating and a $21.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Forbright Stock Performance

FRBT stock opened at $18.75 on Monday. Forbright has a 12-month low of $17.48 and a 12-month high of $19.27.