FirstSun Capital price target lowered to $42 from $46 at Raymond James

Raymond James analyst Michael Rose lowered the firm’s price target on FirstSun Capital (FSUN) to $42 from $46 and keeps an Outperform rating on the shares. FirstSun’s Q1 results fell short of the firm’s estimates, but were ahead of consensus on a core EPS and pre-provision net revenue basis, the analyst tells investors in a research note. The firm says profitability remains solid, and its Commercial and Industrial heavy business mix should benefit from continued franchise investment in people and branches.