MarketBeat Analyst action
Wall Street Zen Downgrades Eastern Bankshares (NASDAQ:EBC) to Sell
Wall Street Zen has downgraded Eastern Bankshares (NASDAQ:EBC) from "hold" to "sell," despite a broader consensus among other analysts for a "Moderate Buy" rating with a target price of $24.86. The company recently reported better-than-expected quarterly earnings and revenue, with shares opening at $23.63. Insider activity shows Director Luis Borgen selling shares, while institutional investors hold a significant …