FBMS - First Bancshares stock dips after Davidson downgrades to Neutral

First Bancshares (FBMS) stock slips ~1.0% in premarket trading after D.A. Davidson analyst Kevin Fitzsimmons downgrades the bank to Neutral from Buy.The analyst's rating change comes after a recent runup in the stock's price leaves less room for "meaningful" upside potential in the intermediate term."While we remain positive on the stock over a longer-term horizon, our slightly increased PT [price target] of $44.50 does not imply enough upside potential to warrant a Buy rating," Fitzsimmons writes in a note to clients.His rating now aligns with the Neutral Quant rating and breaks from the average Wall Street rating of Bullish (3 Very Bullish, 1 Bullish, 1 Neutral).

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First Bancshares stock dips after Davidson downgrades to Neutral