F.N.B. price target lowered to $16 from $18 at Wells Fargo

Wells Fargo lowered the firm’s price target on F.N.B. (FNB) to $16 from $18 and keeps an Overweight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.