Raymond James Lifts Price Target for FNB, Keeps Outperform Rating

F.N.B. Corporation (NYSE:FNB) is one of the 10 Best Financial Stocks on Wall Street’s Radar. On July 18, Raymond James increased its price target on F.N.B. Corporation (NYSE:FNB) from $15 to $18 while keeping an “Outperform” rating.

This decision came after the company reported its second-quarter results. F.N.B. Corporation (NYSE:FNB) showed strong core performance, including lower costs for funding and asset repricing that helped improve both its net interest margin and net interest income.

Raymond James pointed out that F.N.B. Corporation (NYSE:FNB) showed improvements in its capital levels and asset quality during the second quarter. Additionally, fee revenues exceeded expectations.

F.N.B. Corporation (NYSE:FNB) increased its guidance for net interest income in 2025. However, Raymond James’ analysis suggests that this outlook might still be conservative if commercial loan growth pipelines accelerate as expected. The firm sees the risk-reward profile for F.N.B. Corporation (NYSE:FNB) as attractive at current levels.

F.N.B. Corporation (NYSE:FNB) is a diversified financial services company that offers a full range of commercial banking, consumer banking, and wealth management solutions. The company operates through its subsidiary network, which is led by its largest subsidiary, First National Bank of Pennsylvania.

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Disclosure: None. This article is originally published at Insider Monkey.