Forbright (NASDAQ:FRBT) Upgraded by Wall Street Zen to “Hold” Rating

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

A number of other analysts also recently commented on FRBT. The Goldman Sachs Group began coverage on Forbright in a research report on Monday, July 6th. They issued a “buy” rating and a $23.50 price objective for the company. Zacks Research upgraded Forbright to a “hold” rating in a research note on Tuesday, July 7th. Piper Sandler assumed coverage on Forbright in a research report on Monday, July 6th. They issued a “neutral” rating and a $21.50 target price for the company. TD Cowen began coverage on Forbright in a research report on Monday, July 6th. They issued a “buy” rating for the company. Finally, 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 price target on the stock. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Forbright currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Forbright Price Performance

FRBT stock opened at $19.26 on Monday. Forbright has a twelve month low of $17.48 and a twelve month high of $22.00.