Raymond James analyst Daniel Tamayo downgraded First Bancorp to Market Perform from Outperform without a price target post the Q2 results. While the bank remains well positioned from a liquidity and credit standpoint, this strength is reflected in the stock’s premium to peers, the analyst tells investors in a research note. Therefore, the firm sees limited upside from current share levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FBNC:
