First Interstate price target lowered to $38 from $39 at Stephens

Stephens analyst Andrew Terrell lowered the firm’s price target on First Interstate (FIBK) to $38 from $39 and keeps an Overweight rating on the shares after Q4 operating EPS topped the firm’s and Street’s estimates. While net interest income guidance was “modestly below our prior expectations,” the firm gets “the sense the guide could ultimately be modestly conservative,” the analyst tells investors in a post-earnings note.