JPMorgan raised the firm’s price target on FB Financial to $31 from $29 and keeps an Underweight rating on the shares ahead of the Q2 results. With the peak increase in deposit costs likely in Q2, “another buy signal appears likely” for small cap banks, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
