FB Financial upgraded to Strong Buy from Market Perform at Raymond James

Raymond James double upgraded FB Financial (FBK) to Strong Buy from Market Perform with a $62 price target The firm says the recent sector-wide pullback offers a “compelling buying opportunity for one of Tennessee’s largest banks.” FB is a “highly attractive franchise with greater scarcity” value post the merger between Pinnacle (PNFP) and Synovus, the analyst tells investors in a research note. Raymond James also highlights FB’s above-average growth and profitability characteristics.