First Interstate price target raised to $38 from $35 at DA Davidson

DA Davidson analyst Jeff Rulis raised the firm’s price target on First Interstate (FIBK) to $38 from $35 and keeps a Buy rating on the shares after hosting its management team. Based on the stock’s 2025 execution, investor sentiment has shifted away from a defensive stance on credit and capital to a more constructive focus on the path to growth and further capital deployment options, the analyst tells investors in a research note. This is evidence the current CEO’s initial efforts have been successful and a pivot towards offense and multiple expansion is underway, the firm added.