Forbright (NASDAQ:FRBT) Upgraded at Wells Fargo & Company

Forbright (NASDAQ:FRBT) was upgraded by equities researchers at Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. assumed coverage on Forbright in a research note on Monday. They issued a “neutral” rating and a $21.00 price objective on the stock. Wall Street Zen raised shares of Forbright to a “hold” rating in a research report on Saturday, June 20th. TD Cowen began coverage on shares of Forbright in a report on Monday. They set a “buy” rating for the company. 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. Finally, The Goldman Sachs Group started coverage on shares of Forbright in a research note on Monday. They issued a “buy” rating and a $23.50 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Forbright presently has an average rating of “Buy” and an average target price of $22.00.

Forbright Trading Down 0.7%

Shares of NASDAQ FRBT traded down $0.13 during trading on Monday, reaching $18.90. The company had a trading volume of 6,622 shares, compared to its average volume of 119,832. Forbright has a 12 month low of $17.48 and a 12 month high of $20.65.