Keefe Bruyette upgraded F.N.B. (FNB) to Outperform from Market Perform with an unchanged price target of $16.50. After falling 15% year-to-date, the stock’s downside is “fairly contained at these levels,” the analyst tells investors in a research note. The firm views F.N.B.’s risk/reward as favorably skewed, given the company’s “decent” growth outlook supported by share gains, record levels of capital, and diversified loan book.
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Read More on FNB:
- F.N.B. Corporation Reports Stable First Quarter Earnings
- F.N.B. Corp’s Earnings Call Highlights Growth and Resilience
- F.N.B. Corporation: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- F.N.B. reports Q1 net interest margin 3.03% vs. 3.18% last year
- F.N.B. reports Q1 EPS 32c, consensus 30c
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