Stephens analyst Terry McEvoy upgraded First Financial Bancorp (FFBC) to Overweight from Equal Weight with a price target of $33, up from $31.50. Removing 50 basis points of rate cuts from the firm’s models benefitted forward estimates given the company’s asset-sensitive balance sheet, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.