DA Davidson Assumes First Citizens BancShares at Neutral, Raises Price Target to $1650
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Manuel Navas assumes coverage on First Citizens BancShares (NASDAQ:FCNCA) with a Neutral rating and increases the price target to $1650.

April 15, 2024 | 4:16 pm
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NEUTRAL IMPACT
First Citizens BancShares receives a Neutral rating from DA Davidson, with a raised price target to $1650.
The Neutral rating suggests that DA Davidson sees First Citizens BancShares as fairly valued at its current price, with the raised price target indicating a positive outlook on the bank's future performance. However, the neutral stance also implies that there may not be significant short-term price movement unless new, more impactful information becomes available.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100