FB Financial price target raised to $66 from $61 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on FB Financial (FBK) to $66 from $61 and keeps an Overweight rating on the shares. FB Financial is one of the firm’s focus longs among the $10B-50B asset banks, and Cantor sees significant growth potential as the bank takes advantage of deal disruption in its markets from the recently announced large MOE, as well as other expected M&A over the next few years, the benefits of which are not fully reflected in core EPS estimates, the analyst tells investors in a research note.