Piper Sandler lowered the firm’s price target on First Citizens (FCNCA) to $2,000 from $2,150 and keeps a Neutral rating on the shares. The firm believes the company’s Q3 results signal resilient but range-bound forward returns, with directional momentum in global fund banking loan utilization and deposit inflows from relationships deepening, tempered by net interest income pressure on rate cuts affecting the A/S balance sheet.
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