F.N.B. price target lowered to $15 from $16 at Stephens

Stephens lowered the firm’s price target on F.N.B. to $15 from $16 and keeps an Overweight rating on the shares. Softer NII-driven pre-provision net revenue guidance and a more conservative position on expenses weigh on FY24 and FY25 pre-provision net revenue expectations, the analyst tells investors in a post-earnings note.