RBC Capital raised the firm’s price target on First Financial Bancorp (FFBC) to $28 from $27 and keeps a Sector Perform rating on the shares. The company delivered a quality quarter with healthy fundamental trends and largely stable credit, and the firm views the outlook as favorable, expecting targeted commercial and industrial and specialty lending verticals to strengthen in the second half, alongside moderating commercial real estate pre-payments, the analyst tells investors in a research note.
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