F.N.B. price target raised to $20 from $18 at Wells Fargo

Wells Fargo analyst Timur Braziler raised the firm’s price target on F.N.B. (FNB) to $20 from $18 and keeps an Overweight rating on the shares. A surprise candidate for posting group-high net interest income and net interest margin expansion in Q2, and the firm was surprised that shares did not react better to what was the best quarter-to-date result. Wells says the story improves as commercial growth accelerates, and with it, the firm sees additional upside.