As previously reported, Stephens analyst Andrew Terrell downgraded First Interstate (FIBK) to Equal Weight from Overweight with a $37 price target Shares have moved 20% on an absolute basis over the last 120 days, while the firm’s 2026 operating EPS forecasts have moved down 2% since early October, the analyst tells investors. The firm also notes that its 2026 net interest income forecast of $812.4M is 1.6% below consensus and 2.7% below the midpoint of the company’s guidance.
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