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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