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News For FCNCA From the Last 2 Days
FCNCA
Apr 26, 2024 | 07:47 EDT
Piper Sandler downgraded First Citizens to Neutral from Overweight with a price target of $1,950, up from $1,850. With the shares up 27% year to date and 209% since the announcement of the SVB acquisition, Piper thinks that most of the near-term value has been captured, the analyst tells investors in a research note. Tends remain positive at First Citizens and higher for longer helps, but the firm no longer thinks the risk/reward dictates an Overweight rating.