DA Davidson lowered the firm’s price target on Fulton Financial (FULT) to $17 from $20 and keeps a Neutral rating on the shares. The company’s Q1 earnings beat was driven by surprising net interest margin expansion as deposit trends across growth and costs were positive, while its operating expenditure and credit were well-contained, the analyst tells investors in a research note. The firm is cutting its FY26 EPS view by about 3% on the bank’s weaker loan growth outlook.
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