First Citizens price target raised to $2,600 from $2,500 at TD Cowen

TD Cowen raised the firm’s price target on First Citizens (FCNCA) to $2,600 from $2,500 and keeps a Buy rating on the shares. The firm noted its 2Q25 core EPS of $44.78 beat expectations with few surprises. Post the quarter Cowen is incrementally more bullish on the stock with the guidance assuming only flat deposits at SVB and with the company now having substantial ability to repurchase shares.