First Citizens BancShares shares are trading higher after Atlantic Equities initiated coverage on the stock with an Overweigh rating and $1,775 price target.
Portfolio Pulse from Benzinga Newsdesk
Atlantic Equities has initiated coverage on First Citizens BancShares with an Overweight rating and a price target of $1,775. This has led to an increase in the trading of the company's shares.
June 28, 2023 | 5:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
First Citizens BancShares' stock is trading higher following Atlantic Equities' Overweight rating and $1,775 price target.
The initiation of coverage by Atlantic Equities, a well-known equity research firm, with an Overweight rating indicates a positive outlook for First Citizens BancShares. This, coupled with a high price target of $1,775, has likely boosted investor confidence, leading to an increase in the trading of the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100