First Citizens price target lowered to $2,400 from $2,568 at Barclays

Barclays lowered the firm’s price target on First Citizens (FCNCA) to $2,400 from $2,568 and keeps an Equal Weight rating on the shares following the Q1 report. Despite results coming within its guided ranges, the bank’s earnings missed as net interest income and fees came in towards the lower end of forecasts, the analyst tells investors in a research note.