UPDATE: Stephens Starts First Interstate Bancsystems (FIBK) at Overweight

January 14, 2019 4:08 PM EST
Get Alerts FIBK Hot Sheet
Price: $38.66 -3.62%

Rating Summary:
    4 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
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(Updated - January 14, 2019 4:15 PM EST)

(updated to add analyst comment and price target)

Stephens analyst Gordon McGuire initiates coverage on First Interstate Bancsystems (NASDAQ: FIBK) with a Overweight rating, price target $45.00.

The analyst believes the company is attractively positioned for multiple expansion opportunities as he expects the banking industry headwinds and looming concerns regarding credit will drive investors toward banks with strong franchise value, conservative execution, and names that will experience tailwinds to improve profitability in the face of a challenging rate environment.

For an analyst ratings summary and ratings history on First Interstate Bancsystems click here. For more ratings news on First Interstate Bancsystems click here.

Shares of First Interstate Bancsystems closed at $37.92 yesterday.

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