FHB Upgraded by JP Morgan -- Price Target Lowered to $29.00

gurufocus.com · 2026-10-01

First Hawaiian Inc (FHB) Analyst Rating Update On October 3, 2023, JP Morgan upgraded First Hawaiian (FHB) from Underweight to Neutral. Analyst Anthony Elian

TickrTrends take: FHB's upgrade from JP Morgan comes alongside a price target reduction to 29 dollars, a signal that the analyst sees fundamental merit in the company despite trimming near-term appreciation expectations. Against TickrTrends' assessment of fairly valued status, this downward target adjustment suggests potential near-term volatility as the market reconciles the upgraded outlook with the lowered price objective. Investors focused on valuation should monitor whether the Financial Services sector peer group reprices FHB in response to JP Morgan's changed stance, as upgrades paired with lower targets can create divergent trading pressures.

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