First United upgraded to Outperform from Market Perform at Raymond James

Raymond James upgraded First United (FUNC) to Outperform from Market Perform with a $42 price target The firm believes First United is well positioned to drive continued positive operating leverage in 2025, as loan growth and a higher net interest margin support revenue growth, while its expense growth is modest despite hiring efforts to grow the franchise. Additionally, the bank continues to make progress in resolving its two main credit issues, and noted that credit trends remained broadly positive in Q4, the analyst tells investors in a research note.