Benchmark initiates coverage on First Hawaiian with Hold
Benchmark analyst Andrew Liesch initiated coverage on First Hawaiian with a Hold rating. This follows Barclays, Goldman Sachs, and Wells Fargo raising price targets to $30, $30, and $28 respectively, while maintaining Equal-Weight, Sell, and Underweight ratings.
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Benchmark analyst Andrew Liesch initiated coverage on First Hawaiian with a Hold rating. This initiation follows recent adjustments from other major firms, where analysts raised price targets while maintaining cautious ratings. The collective revisions reflect updated valuation models for the financial services firm despite the absence of positive rating upgrades.
Rating and Price Target Details
Research notes from multiple firms confirm continued cautious designations for First Hawaiian shares. The price target increases across these firms suggest a shift in valuation expectations.
| Firm | Analyst | Rating | Previous Target | New Target |
|---|---|---|---|---|
| Barclays | Jared Shaw | Equal-Weight | $28 | $30 |
| Goldman Sachs | Ryan Nash | Sell | $27 | $30 |
| Wells Fargo | Christopher Spahr | Underweight | $26 | $28 |
| Benchmark | Andrew Liesch | Hold | - | - |
What specific factors are driving the upward revisions in valuation models despite the lack of rating upgrades?
How might First Hawaiian's upcoming earnings report influence analysts to shift from cautious to more positive ratings?
What are the primary risks that continue to justify the 'Hold' and 'Sell' ratings despite higher price targets?
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