First Commonwealth upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst David Feaster upgraded First Commonwealth (FCF) to Outperform from Market Perform with a $20 price target Recent share underperformance appears unjustified given above-peer profitability, solid long-term growth prospects, and expectations for credit-related noise to fade in 2026, the analyst tells investors in a research note. Strong capital levels, active balance sheet management, and resilient credit quality support the view that shares are positioned to outperform despite trading roughly in line with peers, the firm says.