First of Long Island upgraded to Outperform at Keefe Bruyette

Keefe Bruyette analyst Chris O’Connell upgraded First of Long Island (FLIC) (FLIC to Outperform from Market Perform with a price target of $16.56, up from $16.04. The firm upgraded the shares to align First of Long Island with its rating on ConnectOne Bancorp (CNOB). ConnectOne remains on track to acquire First of Long Island, with merger set to close in Q2, pending regulatory approval, the analyst tells investors in a research note.