JP Morgan Initiates Coverage On First Citizens BancShares with Overweight Rating, Announces Price Target of $1850
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos has initiated coverage on First Citizens BancShares (NASDAQ:FCNCA) with an Overweight rating and a price target of $1850.
September 20, 2023 | 8:58 am
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JP Morgan's Overweight rating and high price target for First Citizens BancShares could potentially boost the stock's performance in the short term.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, JP Morgan's Overweight rating indicates that they expect First Citizens BancShares to outperform the market, which could attract more investors to the stock. Additionally, the high price target of $1850 suggests that JP Morgan sees significant upside potential in the stock, which could further boost its appeal to investors.
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