Fulton Financial upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst David Long upgraded Fulton Financial (FULT) to Outperform from Market Perform with a $21 price target The firm’s bullish stance on shares is based relative share underperformance and inexpensive valuation multiples despite expectations for continued solid profitability metrics, where integration of recent acquisitions and its FultonFirst efficiency initiative are bearing fruit, while asset sensitivity has been greatly reduced from prior years, the analyst tells investors in a research note.