Wells Fargo lowered the firm’s price target on First Interstate (FIBK) to $25 from $30 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.
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Read More on FIBK:
- First Interstate price target lowered to $28 from $31 at Barclays
- First Interstate Bancsystem Announces Board Member Retirements
- First Interstate Bancsystem Director Jonathan Scott to Step Down
- First Interstate BancSystem Announces CFO Transition Plan
- First Interstate CFO Marcy Mutch to step down, David Della Camera to succeed
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