Stock Rating Upgrade
The Value Trend Rating for First Commonwealth Financial Cor (NYSE: FCF) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
First Commonwealth Financial Cor (NYSE: FCF) stock closed at $15.99 on 8/9/24 after a slight decline of -0.7%. NORMAL trading volume accompanied the decline. The stock has declined -7.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FCF’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First Commonwealth Financial Cor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Commonwealth Financial Cor has a slightly positive Power Rating of 61 and a good Appreciation Score of 75, and the Positive Value Trend Rating results.
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