FirstSun Capital initiated with an Outperform at Keefe Bruyette

Keefe Bruyette initiated coverage of FirstSun Capital (FSUN) with an Outperform rating and $46 price target The firm believes FirstSun is a “stock that investors should own.” The bank offers a “rare combination” of a high-growth, commercial and industrial-focused lending platform paired with an “extensive” retail network, generating consistent fee income and “strong” core funding, the analyst tells investors in a research note. Keefe sees near-term upside in the shares based on the company’s “robust capital ratios and an improving growth environment.”