First Citizens price target raised to $2,500 from $2,250 at UBS

UBS analyst Nicholas Holowko raised the firm’s price target on First Citizens (FCNCA) to $2,500 from $2,250 and keeps a Buy rating on the shares. The firm adjusted targets in the mid-cap bank group as part of its 2026 outlook. UBS sees this year being a year of “catch up” for the group versus the large banks. Bank merger activity is “robust,” the yield curve is steepening, loan growth is improving, and credit is “largely in check,” the analyst tells investors in a research note. UBS is “cautiously optimistic” on the mid-cap bank space in 2026.