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.
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