Raymond James Upgrades First Foundation: Here's What You Need To Know

Raymond James upgraded its rating of First Foundation FFWM to Strong Buy with a price target of $12.00, changing its price target from $9.50 to $12.00.

Shares of First Foundation are trading up 5.54% over the last 24 hours, at $9.72 per share.

A move to $12.00 would account for a 23.46% increase from the current share price.

About First Foundation

First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.