Piper Sandler assumed coverage of First Commonwealth (FCF) with an Overweight rating and $21 price target In a time of some building market optimism for banks, the analyst is assuming coverage of five more regional banks. Piper highlights a positive earnings backdrop. The firm bases its forecast through 2027 on its expectations for a steady march lower by the Federal Reserve in short-term rates, a modest steepening in the yield curve, and a solid economic backdrop for growth and credit.
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