F.N.B. included in DA Davidson ‘Best of Breed Bison’ list

DA Davidson keeps a Buy rating and $17 price target on F.N.B. while naming the stock to the firm’s “Best-of-Breed Bison” initiative, which focuses on long-term best-in-class companies with sustainable competitive moats. FNB has developed its excellent positioning in part on the back of having to find growth in a historically slower growth market of western Pennsylvania, the analyst tells investors in a research note. On “unchecked” margins and credit, FNB stacks up well above median peers, the firm added.