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.
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