Raymond James raised the firm’s price target on F.N.B. (FNB) to $19 from $17 and keeps an Outperform rating on the shares. Meetings with management carried a positive tone on the overall banking environment post-election as well as for F.N.B related to balance sheet and fee income growth opportunities, credit quality stability, profitability strength and capital deployment opportunities, the analyst tells investors in a research note. The firm remains bullish on the shares given catalysts including stronger NII given better loan growth and NIM expansion while it trades at a discount to peers.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNB:
- First National Bank appoints Kelly Trombetta as chief operational risk officer
- F.N.B. price target raised to $18 from $16 at Stephens
- Closing Bell Movers: Netflix gains 5% as Q3 earnings, Q4 guidance top estimates
- F.N.B. reports Q3 non-GAAP EPS 34c, consensus 35c
- FNB Earnings Report this Week: Is It a Buy, Ahead of Earnings?