First Hawaiian price target lowered to $22 from $24 at Wells Fargo

Wells Fargo lowered the firm’s price target on First Hawaiian (FHB) to $22 from $24 and keeps an Underweight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.