Raymond James lowered the firm’s price target on First Business Financial to $36 from $41 and keeps an Outperform rating on the shares. The firm continues to view the risk-reward dynamic positively and expects PTPPI and balance sheet growth, along with solid credit quality, to drive First Business shares to narrow the discounted P/TBV multiple relative to peers, the analyst tells investors in a research note.
Published first on TheFly
