Forbright (NASDAQ:FRBT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Forbright (NASDAQ:FRBT) from a sell rating to a hold rating in a report released on Monday.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company started coverage on Forbright in a research note on Monday, July 6th. They issued an “overweight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Forbright in a report on Monday, July 6th. They set a “neutral” rating and a $21.00 price target on the stock. Piper Sandler initiated coverage on shares of Forbright in a research report on Monday, July 6th. They set a “neutral” rating and a $21.50 price objective for the company. The Goldman Sachs Group started coverage on shares of Forbright in a research note on Monday, July 6th. They issued a “buy” rating and a $23.50 price objective for the company. Finally, TD Cowen assumed coverage on shares of Forbright in a research report on Monday, July 6th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Forbright currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Forbright Stock Performance

Shares of Forbright stock opened at $19.38 on Monday. Forbright has a one year low of $17.48 and a one year high of $22.00.