Raymond James Initiates Coverage On First Citizens BancShares with Market Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has initiated coverage on First Citizens BancShares (NASDAQ:FCNCA) with a Market Perform rating.

November 28, 2023 | 12:25 pm
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Raymond James analyst David Long has given First Citizens BancShares a Market Perform rating, indicating a neutral outlook on the stock.
The initiation of coverage by an analyst typically brings a stock into focus for investors. A Market Perform rating suggests that the analyst believes the stock will perform in line with the market, neither outperforming nor underperforming. This neutral stance may not significantly move the stock price in the short term, as it does not provide a strong buy or sell signal.
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