F.N.B. price target raised to $17 from $15 at Piper Sandler

Piper Sandler analyst Frank Schiraldi raised the firm’s price target on F.N.B. to $17 from $15 and keeps an Overweight rating on the shares. F.N.B.’s Q2 EPS missed consensus by a penny, driven by a penny lower NII but in-line across the rest of the board, the analyst tells investors in a research note. Elsewhere, growth was strong in the quarter with loan balances up 3.6%, funded in part by borrowings, while credit results remained solid, the firm says.