First Interstate price target lowered to $28 from $31 at Barclays

Barclays analyst Jared Shaw lowered the firm’s price target on First Interstate (FIBK) to $28 from $31 and keeps an Underweight rating on the shares as part of a Q1 preview for the mid-cap banks. Heightened uncertainty hurts 2025 outlooks and could lead to lowered guidance at earnings, but buyback activity is a potential catalyst for some, the analyst tells investors in a research note.