An A.G. Edwards & Sons analyst downgraded shares of First Security Corp. of Salt Lake City on Wednesday to "maintain" from "accumulate."

The analyst, Timothy Willi, raised concerns about balance sheet management at the company. Potential buyers of its stock "should stay on the sidelines for the time being," he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.