F.N.B. price target raised to $20 from $19 at DA Davidson

DA Davidson raised the firm’s price target on F.N.B. (FNB) to $20 from $19 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm also notes that the company’s FY25 outlook includes stronger revenue from better net interest income and a higher expense trajectory due to investing in its fee businesses and expanding its regional reach, the analyst tells investors in a research note. The management’s pre-provision net revenue projections support a strong return profile for a stock that is trading too cheaply, the firm added.