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First Advantage cut to Neutral at Bank of America on limited multiple expansion

Jan. 17, 2023 1:55 PM ETFirst Advantage Corporation (FA) StockBy: Jessica Kuruthukulangara, SA News Editor

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  • Bank of America on Tuesday downgraded First Advantage (NASDAQ:FA) to Neutral from Buy due to limited multiple expansion near-term as sales growth slows amid weakening hiring trends due to the Federal Reserve's actions.
  • "We still think FA has an attractive

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