F.N.B. price target lowered to $18 from $19 at Piper Sandler

Piper Sandler analyst Frank Schiraldi lowered the firm’s price target on F.N.B. (FNB) to $18 from $19 and keeps an Overweight rating on the shares. The firm notes the company reported Q4 EPS of 30c. Excluding a loss on sale of securities associated with a small balance sheet restructuring, Piper pegs core at 38c. The result beat the firm and consensus by 5c primarily on the benefit of renewable energy tax credits.