First Citizens BancShares (FCNCA) PT Lowered to $2,050 at DA Davidson

DA Davidson analyst Kevin Fitzsimmons lowered the price target on First Citizens BancShares (NASDAQ: FCNCA) to $2,050.00 (from $2,100.00) while maintaining a Neutral rating.

The analyst comments "Our take: FCNCA is poised for ahead-of-peer balance sheet and fee growth upside if capital markets activity picked up. It would also benefit if interest rates stay high due to its asset sensitivity. However, we lower our EPS on a weaker NII outlook from NIM compression that offsets our strong loan and deposit growth expectations. Shares are -1% vs. the KRX since the print (-6% YTD, +39% in 2024). We adjusted our buyback modestly on updates that its 10.5%-11% CET1 target will be reached by 1Q26E (vs. YE25 prior). With rate cuts likely and macro uncertainty limiting upside, we reiterate NEUTRAL."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'