Financial Institutions upgraded to Outperform at Keefe Bruyette

Keefe Bruyette upgraded Financial Institutions (FISI) to Outperform from Market Perform with a price target of $34, up from $29. The firm says the company’s initial guidance for 2025 aligns favorably with its current estimate. The “reset” profitability bar and improved capital levels suggests limited downside from current levels and offers an attractive entry point, the analyst tells investors in a research note.