Truist raised the firm’s price target on First Citizens (FCNCA) to $2,150 from $2,050 and keeps a Hold rating on the shares. The firm lowered its 2026 and 2027 earnings per share estimates, but raised its price target “a little.” The firm noted its price target had been “restruck” in October when bank multiples were lower and price targets were focused on 2026, with the sector multiple having lifted and some hope that 2026 is a trough year.
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