UBS assumed coverage of First Citizens (FCNCA) with a Buy rating and $2,700 price target UBS sees strong growth potential following the Silicon Valley Bank acquisition, with 6% loan growth in 2025 and the potential for more should there be a rebound in capital markets, the analyst tells investors in a research note. Additionally, the firm says First Citizens has the capital for both growth and buybacks, and notes that fewer Fed rate cuts imply upside to consensus.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCNCA:
- First Citizens price target raised to $2,550 from $2,300 at JPMorgan
- First Citizens BancShares Strengthens Board with New Appointment
- Trump Trade: Analyst moves to sidelines on Capital One after Trump rally
- First Citizens initiated with a Buy at Deutsche Bank
- First Citizens downgraded to Market Perform from Outperform at Keefe Bruyette