First Republic Bank (FRC) Tops Q1 EPS by 8c

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Go back to First Republic Bank (FRC) Tops Q1 EPS by 8c

Jefferies Raises Price Target on First Republic Bank (FRC) to $80; Reiterates Buy

April 15, 2016 8:27 AM EDT

Jefferies reiterated a Buy rating on First Republic Bank (NYSE: FRC), and raised the price target to $80.00 (from $77.00). Jefferies raised core EPS estimates to $3.80/$4.45 from $3.70/$4.35 for '16/'17, respectively, to account for a better than expected starting point for NIII and a lower tax... More