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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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?