Raymond James Lifts First BanCorp Price Target to $26, Keeps Outperform Rating
Raymond James raised its price target on First BanCorp (NYSE:FBP) to $26.00 from $25.00 and left its Outperform rating intact, citing robust fourth-quarter results driven by ongoing net interest margin (NIM) expansion. The firm pointed to favorable drivers including securities repricing, lower funding costs, and solid loan pipelines, while noting t…