First Citizens price target lowered to $2,100 from $2,350 at Raymond James

Raymond James lowered the firm’s price target on First Citizens (FCNCA) to $2,100 from $2,350 and keeps an Outperform rating on the shares. Quarterly results for the banks should reflect relatively solid loan growth, further net interest margin expansion, while several fee lines of business should prove to be relatively solid, expense trends remain in check, and capital return is expected to trend positively, the analyst tells investors in a research note.